If a corporation organized pursuant to this chapter shall fail to begin business within three years from the effective date of its charter, then the charter shall become null and void.
S.C. Code Ann. § 33-37-230
Charter shall be void unless business begun within three years
1962 Code SECTION 12-1123; 1958 (50) 1886; 2015 Act No. 60 (S.389), SECTION 1, eff June 4, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.