No association shall be formed under this chapter with a capital stock less than one hundred dollars. The par value of the shares shall not be less than five dollars.
S.C. Code Ann. § 33-45-80
Minimum amount and par value of stock
1962 Code SECTION 12-808; 1952 Code SECTION 12-808; 1942 Code SECTION 8141; 1932 Code SECTION 8141; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.