S.C. Code Ann. § 35-2-223
This is the official text of S.C. Code Ann. § 35-2-223, 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 35-2-223. Interested shareholder on the effective date of this chapter; application of article.
Official statutory text
This article does not apply to any business combination with an interested shareholder who was an interested shareholder on the effective date of this chapter. Editor's Note 1988 Act No. 444 SECTION 6 provides as follows: "For purposes of this act, when the terms 'effective date of this chapter' or 'effective date of this article' or similar derivations thereof are used in Chapter 2, Title 35 of the 1976 Code, as contained in Section 5 of this act, these terms must be construed to mean the effective date of the amendments to Chapter 2 of Title 35 as contained in this act."
Status: in_force · Read it on the official government site
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