South Carolina Code 39-5-120. Dissolution, suspension, or forfeiture
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 39-5-120
- 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.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
Upon petition by the Attorney General, the court of common pleas may, for good cause shown, order the dissolution or suspension or forfeiture of any franchise or charter of any corporation which violates the terms of any injunction issued under § 39-5-50.