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S.C. Code Ann. § 33-19-120

General powers

Derived from 1976 Code SECTION 33-51-160 [1962 Code SECTION 56-1616; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)]; 1988 Act No. 444, SECTION 2.

(a) Except as provided in subsection (b), a professional corporation has the powers enumerated in Section 33-3-102.

(b) A professional corporation may be a promoter, general partner, member, associate, or manager of a partnership, joint venture, trust, or other entity only if the entity is engaged solely in rendering professional services or in carrying on business authorized by the professional corporation's articles of incorporation.

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