S.C. Code Ann. § 46-39-70
Minimum limitation on amount of capital stock; par value
1962 Code SECTION 3-707; 1962 (52) 2222.
No association shall be formed under this chapter with a capital stock less than one hundred dollars. The par value of the shares shall not be less than one dollar.
HISTORY: 1962 Code SECTION 3-707; 1962 (52) 2222.