S.C. Code Ann. § 31-1-710
This is the official text of S.C. Code Ann. § 31-1-710, part of South Carolina’s Code Ann — part of the compiled statutory law of South Carolina, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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SECTION 31-1-710. Reorganization of limited dividend housing corporations.
Official statutory text
Reorganization of limited dividend housing corporations shall be subject to the supervision and control of the director and no such reorganization shall be had without the authorization of such director. Upon all such reorganizations the amount of capitalization, including therein all stocks, income debentures and bonds and other evidences of indebtedness shall be such as is authorized by the director which, in making its determination, shall not exceed the fair value of the property involved.
Status: in_force · Read it on the official government site
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