{"data":{"id":"us-sc/s.c.-code-ann.-34-3-240","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-3-240","heading":"Other powers of directors.","body":"The directors may:\n(1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties;\n(2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and\n(3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 3 Banks and Banking Generally","ARTICLE 3 Powers"],"source_url":"https://www.scstatehouse.gov/code/t34c003.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:05:24Z","sha256":"462775f3cebaf80233937949ce3797b502f39074ed7ced25a2e7165ab72498c9","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-3-230","next":"us-sc/s.c.-code-ann.-34-3-250"},"notice":"GroundRules: Original legal text. Not legal advice."}