{"data":{"id":"us-sc/s.c.-code-ann.-35-2-212","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 35-2-212","heading":"\"Preferred stock\" defined.","body":"As used in this article, \"preferred stock\" means any class or series of shares of a resident domestic corporation that under the bylaws or articles of incorporation of the resident domestic corporation:\n(1) is entitled to receive payment of dividends before any payment of dividends on some other class or series of shares; or\n(2) is entitled in the event of any voluntary liquidation, dissolution, or winding up of the corporation to receive payment or distribution of a preferential amount before any payments or distributions are received by some other class or series of shares.","path":["Title 35 - SECURITIES","CHAPTER 2 Control Share Acquisitions; Business Combinations","ARTICLE 2 Business Combinations"],"source_url":"https://www.scstatehouse.gov/code/t35c002.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:07:34Z","sha256":"1697c96ce259bd479e74b7a5e6516b39ba2e32fa87db48c1c5f8d3da5309cf7c","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-35-2-211","next":"us-sc/s.c.-code-ann.-35-2-213"},"notice":"GroundRules: Original legal text. Not legal advice."}