South Carolina Code 15-63-190. Restraining corporation; appointment of receiver
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 15-63-190
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- property: as used in this Title , includes both real and personal property. See South Carolina Code 15-1-50
When such judgment shall be rendered against a corporation the court shall have power to restrain the corporation, to appoint a receiver of its property and to take an account and make distribution thereof among its creditors. And the Attorney General, immediately after the rendition of such judgment, shall institute proceedings for that purpose.