Minimum amount and par value of stock.

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. Cooperative Associations Generally
  5. Minimum amount and par value of stock.

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No association shall be formed under this chapter with a capital stock less than one hundred dollars. The par value of the shares shall not be less than five dollars.

HISTORY: 1962 Code Section 12-808; 1952 Code Section 12-808; 1942 Code Section 8141; 1932 Code Section 8141; Civ. C. '22 Section 4335; 1915 (29) 235.


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