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S.C. Code Ann. § 33-19-210

Notice of professional corporation status on shares

Derived from 1976 Code SECTION 33-51-100 [1962 Code SECTION 56-1610; 1962 (52) 1911; Repealed, 1988 Act No. 444, SECTION 4(5)], and SECTION 33-51-140 [1962 Code SECTION 56-1614;…

(a) The following statement must appear conspicuously on each share certificate issued by a professional corporation:

"The transfer of shares of a professional corporation is restricted by the South Carolina Professional Corporation Supplement, Chapter 19 of Title 33, and may be subject to further restriction imposed by the licensing authority. Shares of a professional corporation are subject also to a statutory repurchase obligation."

(b) Within a reasonable time after the issuance or transfer of uncertificated shares of a professional corporation, the corporation shall send the shareholders a written notice containing the statement required by subsection (a).

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