South Carolina Code 58-17-410. Sinking fund
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Terms Used In South Carolina Code 58-17-410
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Any such corporation may so establish sinking funds for the payment of its liabilities.