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S.C. Code Ann. § 33-31-602

Consideration

Known as the South Carolina Nonprofit Corporation Act

The act spans §§ 33–33 (186 sections).

1994 Act No. 384, SECTION 1.

Except as provided in its articles or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.

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