If it shall be adjudged that a corporation against which an action shall have been brought pursuant to this chapter has, by neglect, abuse or surrender, forfeited its corporate rights, privileges and franchises, judgment shall be rendered that the corporation be excluded from such corporate rights, privileges and franchises and that the corporation be dissolved.
S.C. Code Ann. § 15-63-170
Judgment of forfeiture against corporation
1962 Code SECTION 10-2267; 1952 Code SECTION 10-2267; 1942 Code SECTION 841; 1932 Code SECTION 841; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.