South Carolina Code 33-37-220. Additional contents of declaration of charter
(a) the amount of total authorized capital stock and the number of shares in which it is divided;
Terms Used In South Carolina Code 33-37-220
- Corporation: means a South Carolina business development corporation created pursuant to this chapter. See South Carolina Code 33-37-10
- 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.
(b) the par value of each share;
(c) the amount of capital stock with which the corporation will commence business;
(d) if there is more than one class of stock, a description of the different classes; and
(e) the names and post office addresses of the subscribers of stock and the number of shares subscribed by each. The aggregate of the subscription is the amount of capital with which the corporation will commence business. The declaration of charter may also contain any provision consistent with the laws of this State for the regulation of the affairs of the corporation or creating, defining, limiting, and regulating its powers. The declaration of charter must be in accordance with the provisions of § 33-2-102.