{"data":{"id":"us-sc/s.c.-code-ann.-58-15-240","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 58-15-240","heading":"Fictitious increase of stock or indebtedness shall be void.","body":"Neither stocks nor bonds shall be issued by any corporation organized under this chapter except for money paid, property delivered or labor done and all fictitious increase of stock or indebtedness shall be void.","path":["Title 58 - PUBLIC UTILITIES, SERVICES AND CARRIERS","CHAPTER 15 Railroad, Street Railway, Steamboat and Canal Companies","ARTICLE 1 Incorporation and Organization Generally"],"source_url":"https://www.scstatehouse.gov/code/t58c015.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:56:29Z","sha256":"f5948c62f80f886772ba2baa6f860172452c60743ba6e6a28dca2a816ae4d974","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-58-15-220","next":"us-sc/s.c.-code-ann.-58-15-250"},"notice":"GroundRules: Original legal text. Not legal advice."}