S.C. Code Ann. § 33-14-330
Decree of dissolution
Derived from 1976 Code Section 33-21-200 [1962 Code Section 12-22.20; 1952 Code Section 12-655, 1942 Code Section 7716; 1932 Code Section 7716, Civ. C. '22 Section 4288, Civ. C. '12 Section 2821; Civ. C. '02 Section 1873, 1898 (22) 774, 1962 (52) 1996, 1963 (53) 327; 1981 Act No. 146, Section 2; Repealed, 1988 Act No. 444, Section 4(1)]; 1988 Act No. 444, Section 2.
- (a) If after a hearing the court determines that grounds for judicial dissolution described in Section 33-14-300 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of court shall deliver a certified copy of the decree to the Secretary of State, who shall file it without charging any fee.
- (b) After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation's business and affairs in accordance with Section 33-14-105 and the notification of claimants in accordance with Sections 33-14-106 and 33-14-107.
HISTORY: Derived from 1976 Code Section 33-21-200 [1962 Code Section 12-22.20; 1952 Code Section 12-655, 1942 Code Section 7716; 1932 Code Section 7716, Civ. C. '22 Section 4288, Civ. C. '12 Section 2821; Civ. C. '02 Section 1873, 1898 (22) 774, 1962 (52) 1996, 1963 (53) 327; 1981 Act No. 146, Section 2; Repealed, 1988 Act No. 444, Section 4(1)]; 1988 Act No. 444, Section 2.