South Carolina Code 58-15-260. Stock transfer shall be valid, except between parties, only if entered on corporation’s books
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Terms Used In South Carolina Code 58-15-260
- 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.
No transfer of stock of a corporation organized under this chapter shall be valid, except as between the parties, until it shall have been regularly entered upon the books of the corporation.