§ 46-39-70

S.C. Code Ann. § 46-39-70

Minimum limitation on amount of capital stock; par value

1962 Code SECTION 3-707; 1962 (52) 2222.

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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.