S.C. Code § 58-15-240
Fictitious increase of stock or indebtedness shall be void
South Carolina · South Carolina Code Title 58, Chapter 15 — Railroad, Street Railway, Steamboat and Canal Companies · Status: effective
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- Citation
- S.C. Code § 58-15-240, Fictitious increase of stock or indebtedness shall be void, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1592273
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Full text
Neither stocks nor bonds shall be issued by any corporation organized under this chapter except for money paid, property delivered or labor done and all fictitious increase of stock or indebtedness shall be void.