Upon demand of one third of the entire board of directors any matter that has been approved or passed by the board must be referred to the entire membership or the stockholders for decision at the next special or regular meeting. A special meeting may be called for this purpose.
S.C. Code Ann. § 33-47-830
Matters which must be referred to members
Known as the Cooperative Marketing Act
The act spans §§ 33–33 (47 sections).
1962 Code SECTION 12-953; 1952 Code SECTION 12-953; 1942 Code SECTION 6514; 1932 Code SECTION 6514; 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.