In addition to any other rights granted by law, a shareholder is entitled to dissent from and obtain payment of the fair value of his shares in the event of the consummation of a designation of a corporation as a benefit corporation pursuant to Section 33-38-210(A).
S.C. Code Ann. § 33-38-600
Shareholder dissent and payment for shares
Known as the South Carolina Benefit Corporation Act
The act spans §§ 33–33 (16 sections).
2012 Act No. 277, SECTION 1, eff June 14, 2012.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.