South Carolina Code 33-19-102. Application of South Carolina Business Corporation Act and Statutory Close Corporation Supplement
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(1) Chapters 1 through 17 apply to professional corporations, both domestic and foreign, to the extent not inconsistent with the provisions of this chapter.
(2) The Statutory Close Corporation Supplement (Chapter 18 of this title) applies to a professional corporation organized under this chapter whose articles of incorporation contain the statement required by § 33-18-103(a), except insofar as this chapter contains inconsistent provisions.
Terms Used In South Carolina Code 33-19-102
- 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.