The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of the agricultural products handled by the association and such restrictions must be printed upon every certificate of stock subject thereto.
S.C. Code Ann. § 33-47-650
Limitation on transfer of common stock
Known as the Cooperative Marketing Act
The act spans §§ 33–33 (47 sections).
1962 Code SECTION 12-945; 1952 Code SECTION 12-945; 1942 Code SECTION 6512; 1932 Code SECTION 6512; 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.