Statutory Close Corporation Supplement

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. Statutory Close Corporation Supplement

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Section
33-18-101

Short title.

Section
33-18-102

Application of Business Corporation Act and Professional Corporation Supplement.

Section
33-18-103

Definition and election of statutory close corporation status.

Section
33-18-109

Notice of statutory close corporation status on issued shares.

Section
33-18-110

Share transfer prohibition.

Section
33-18-120

Share transfer after first refusal by corporation.

Section
33-18-130

Attempted share transfer in breach of prohibition.

Section
33-18-140

Compulsory purchase of shares after death of shareholder.

Section
33-18-150

Exercise of compulsory purchase right.

Section
33-18-160

Court action to compel purchase.

Section
33-18-170

Court costs and other expenses.

Section
33-18-200

Shareholder agreements.

Section
33-18-210

Elimination of board of directors.

Section
33-18-220

Bylaws.

Section
33-18-230

Annual meeting.

Section
33-18-240

Execution of document in more than one capacity.

Section
33-18-250

Limited liability.

Section
33-18-300

Merger, share exchange, and sale of assets.

Section
33-18-310

Termination of statutory close corporation status.

Section
33-18-320

Effect of termination of statutory close corporation status.

Section
33-18-330

Shareholder option to dissolve corporation.

Section
33-18-400

Court action to protect shareholders.

Section
33-18-410

Ordinary relief.

Section
33-18-420

Extraordinary relief: share purchase.

Section
33-18-430

Extraordinary relief: dissolution.

Section
33-18-500

Application to existing corporations.