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South Carolina Code > Title 33 > Chapter 37 - Business Development Corporations

South Carolina Code > Title 33 > Chapter 37 - Business Development Corporations


Current as of: 2009
§ 33-37-10Definitions
§ 33-37-20Deposit of funds
§ 33-37-30Corporation shall not accept deposits
§ 33-37-40Establishment and maintenance of surplus
§ 33-37-50Offices
§ 33-37-60Credit of State is not pledged
§ 33-37-70Corporation, its subsidiary, and securities issued thereby exempt from taxes and fees
§ 33-37-80Tax credit for nondeductible losses arising from sale or other disposition of securities of corporation
§ 33-37-210Filing declaration of charter; contents
§ 33-37-220Additional contents of declaration of charter
§ 33-37-230Charter shall be void unless business begun within three years
§ 33-37-240Calling first meeting; organization; quorum
§ 33-37-250Powers
§ 33-37-260Amendment of charter
§ 33-37-270Approval by Secretary of State and filing of articles of amendment
§ 33-37-410Who may become members, stockholders or bondholders
§ 33-37-420Application for membership
§ 33-37-430Duration of membership; withdrawal
§ 33-37-440Powers of stockholders and members
§ 33-37-450Voting by stockholders and members
§ 33-37-460Loans to corporation by members
§ 33-37-465Short-term loans to corporation by members
§ 33-37-470Authorization for issuance of new classes of stock
§ 33-37-610Management of corporation
§ 33-37-620Board of directors; membership; powers
§ 33-37-630Election of directors; vacancies
§ 33-37-640Liability for losses
§ 33-37-910Applicability of the Business Corporation Act
§ 33-37-1010Definitions
§ 33-37-1020Establishment of program; loan loss reserve
§ 33-37-1030Participating financial institution; execution of agreement
§ 33-37-1040Participating financial institutions; functions and duties
§ 33-37-1050Business Development Corporation; transfers to loss reserve account; reports
§ 33-37-1060Release of funds to cover losses by participating financial institutions
§ 33-37-1070Disposition of earnings and interest on state fund account and loss reserve account
§ 33-37-1080Discontinuance of participation by participating financial institution
§ 33-37-1090Audits and annual reports
§ 33-37-1100Dissolution of loss reserve fund

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Questions & Answers: Corporations

A corporation was dissolved by the state due to 17 years of unpaid annual report fees. The sole owner of the corporation has died. He has left the dissolved corporation's buildin...
Shari, Please clarify what you mean when you say the owner "left" the corporation's building to his children. Even though the corporation was dissolved it still continues to exist...
The building and the shares were given to the children the will. There are 17 years of back annual renewal fees that are delinquent and unpaid by the corporation. The will also s...
Shari, Strictly speaking, I don't see how the will could leave the building to the children. If I understand correctly, the father did not personally own the building in his own na...
There are 6 shareholders that are all related. Four of the shareholders are involved in the creation of the new LLC without the other 2 shareholders. No transfers of shares have...
If the president of a board says something to a child (member) in her vehicle on personal time. Then that child repeats it to another child (member) during company time is the boa...

South Carolina Laws: Corporations

South Carolina Code > Title 33 > Chapter 2 - Incorporation
South Carolina Code > Title 33 > Chapter 3 - Purposes And Powers
South Carolina Code > Title 33 > Chapter 10 - Amendment Of Articles Of Incorporation And Bylaws
South Carolina Code > Title 33 > Chapter 12 - Sale Of Assets
South Carolina Code > Title 33 > Chapter 16 - Records And Reports
South Carolina Code > Title 33 > Chapter 18 - Statutory Close Corporation Supplement
South Carolina Code > Title 33 > Chapter 20 - Transition Provisions
South Carolina Code > Title 33 > Chapter 27 - Transfer Of Stock In Custody Of Clearing Corporations
South Carolina Code > Title 33 > Chapter 37 - Business Development Corporations
South Carolina Code > Title 33 > Chapter 39 - County Business Development Corporations

U.S. Code Provisions: Corporations

U.S. Code > Title 15 > Chapter 98 - Public Company Accounting Reform And Corporate Responsibility

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