South Carolina Code 33-47-650. Limitation on transfer of common stock
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Terms Used In South Carolina Code 33-47-650
- agricultural products: shall include horticultural, viticultural, forestry, dairy, livestock, poultry, bee and any other farm products;
(2) The term "member" shall include actual members of associations without capital stock and holders of common stock in associations organized with capital stock; and
(3) The term "association" means any corporation organized under this chapter. See South Carolina Code 33-47-20 - association: means any corporation organized under this chapter. See South Carolina Code 33-47-20
The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of the agricultural products handled by the association and such restrictions must be printed upon every certificate of stock subject thereto.