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S.C. Code § 33-45-60

Payment of subscriptions

South Carolina · South Carolina Code Title 33, Chapter 45 — Cooperative Associations Generally · Status: effective

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S.C. Code § 33-45-60, Payment of subscriptions, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576893
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All subscriptions to the capital stock of any association organized under this chapter shall be payable in money or in labor or property at its money value and shall be listed, the labor or the property and the value thereof to be specified in the list of subscriptions. But no subscription in labor or property shall be received unless such labor or property and the value thereof, so to be specified as aforesaid, be approved by the board of incorporators.