Railroads may issue no par common stock.

  1. Law
  2. South Carolina Code of Laws
  3. Public Utilities, Services and Carriers
  4. Railroad, Street Railway, Steamboat And Canal Companies
  5. Railroads may issue no par common stock.

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A railroad corporation may issue common stock in shares having no par value on stating in its declaration and petition the number of such shares to be issued in lieu of the par value thereof and the minimum and maximum amount thereof.

HISTORY: 1962 Code Section 58-666; 1952 Code Section 58-666; 1942 Code Section 8179; 1932 Code Section 8179; Civ. C. '22 Section 4359; Civ. C. '12 Section 2873; Civ. C. '02 Section 1917; 1899 (23) 64; 1921 (32) 146; 1927 (35) 30.


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