South Carolina · statute · S.C. Code tit. 33, ch. 27 · 4 active provisions
For the purposes of this chapter: "Clearing corporation" means a corporation, all of the capital stock of which is held by or for a national securities exchange registered under the Securities Exchange Act of 1934, as amended. "Custodian" means a national bank, or a bank or trust company organized under or subject to t…
Notwithstanding any other provision of law, if a certificate or instrument evidencing shares of stock, or rights to purchase or subscribe to shares of stock, is in the custody of a clearing corporation or of a custodian subject to the instructions of a clearing corporation, title to any such certificate or instrument o…
A valid pledge may be made of any such certificate or instrument or of any interest therein and of the shares or rights evidenced by such certificate, instrument or interest by (a) The giving by the pledgor to the clearing corporation notice of the pledge and instructions that, until receipt by the clearing corporation…
The provisions of this chapter shall be applicable although the charter or articles of incorporation or bylaws of the corporation, any shares or rights which are transferred or pledged as herein provided, and any certificate or instrument evidencing such shares or rights, in whole or in part, provide that such shares o…