S.C. Code § 33-45-110
Management of affairs of corporation; removal of directors or officers
South Carolina · South Carolina Code Title 33, Chapter 45 — Cooperative Associations Generally · Status: effective
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- S.C. Code § 33-45-110, Management of affairs of corporation; removal of directors or officers, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576898
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Full text
This board of directors shall manage the affairs of the association for such term of office as the bylaws may prescribe and until their successors shall have been elected and shall have qualified and entered upon the discharge of their duties. But a majority of the stockholders at a meeting legally called according to the bylaws of the association may remove any director or officer for cause and fill the vacancy and thereupon the director or officer so removed shall cease to be a director or officer of the association.