(a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates to the extent that investment securities not evidenced by certificates are authorized by Chapter 8 of Title 36 of the South Carolina Uniform Commercial Code. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation to the extent that investment securities not evidenced by certificates are contemplated by Chapter 8 of Title 36 of the South Carolina Uniform Commercial Code.
(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by Section 33-6-250(b) and (c), and, if applicable, Section 33-6-270.