S.C. Code Ann. § 33-18-220

Bylaws

Applied in 1 court decision — leading case Hunting v. Elders (2004)

Most recently applied in Hunting v. Elders (April 2004)

1988 Act No. 444, SECTION 2.

(a) A statutory close corporation need not adopt bylaws if provisions required by law to be contained in bylaws are contained in either the articles of incorporation or a shareholder agreement authorized by Section 33-18-200.

(b) If a corporation does not have bylaws when its statutory close corporation status terminates under Section 33-18-310, the corporation shall adopt bylaws immediately under Section 33-2-106.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.