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S.C. Code Ann. § 34-26-700 – Share accounts; par value; pledged shares | Midpage
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South Carolina Code of Laws
Title 34
Chapter 26
Article 7
§ 34-26-700
S.C. Code Ann. § 34-26-700
Share accounts; par value; pledged shares
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(1) Share accounts shall be subscribed to and paid for in such manner and amounts as the bylaws prescribe.
(2) The par value of shares shall be as prescribed in the bylaws.
(3) Shares may be pledged as security on any loan.