PocketLaw | South Carolina Code Of Laws | Business Development

Business Development Corporations

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Section
33-37-10

Definitions.

Section
33-37-20

Deposit of funds.

Section
33-37-30

33-37-40. Reserved.

Section
33-37-50

Offices.

Section
33-37-60

Credit of State is not pledged.

Section
33-37-70

Corporation, its subsidiary, and securities issued thereby exempt from taxes and fees.

Section
33-37-80

Tax credit for nondeductible losses arising from sale or other disposition of securities of corporation.

Section
33-37-210

Filing declaration of charter; contents.

Section
33-37-220

Additional contents of declaration of charter.

Section
33-37-230

Charter shall be void unless business begun within three years.

Section
33-37-240

Calling first meeting; organization; quorum.

Section
33-37-250

Powers.

Section
33-37-260

Amendment of charter.

Section
33-37-270

Approval by Secretary of State and filing of articles of amendment.

Section
33-37-280

Subsidiary business entities.

Section
33-37-410

Who may become members, stockholders or bondholders.

Section
33-37-420

Application for membership.

Section
33-37-430

Duration of membership; withdrawal.

Section
33-37-440

Powers of stockholders and members.

Section
33-37-450

Voting by stockholders and members.

Section
33-37-460

Loans to corporation by members.

Section
33-37-465

Short-term loans to corporation by members.

Section
33-37-470

Authorization for issuance of new classes of stock.

Section
33-37-610

Management of corporation.

Section
33-37-620

Board of directors; membership; powers.

Section
33-37-630

Election of directors; vacancies.

Section
33-37-640

Liability for losses.

Section
33-37-910

Applicability of the Business Corporation Act.

Section
33-37-1010

Definitions.

Section
33-37-1020

Establishment of program; loan loss reserve.

Section
33-37-1030

Participating financial institution; execution of agreement.

Section
33-37-1040

Participating financial institutions; functions and duties.

Section
33-37-1050

Business Development Corporation; transfers to loss reserve account; reports.

Section
33-37-1060

Release of funds to cover losses by participating financial institutions.

Section
33-37-1070

Disposition of earnings and interest on state fund account and loss reserve account.

Section
33-37-1080

Discontinuance of participation by participating financial institution.

Section
33-37-1090

Audits and annual reports.

Section
33-37-1100

Dissolution of loss reserve fund.