Any corporation organized under the laws of this State for the purpose, among others, of supplying electric energy in rural areas may be converted into a cooperative and become subject to this chapter with the same effect as if originally organized under this chapter by complying with the requirements of this article.
S.C. Code Ann. § 33-49-1210
Corporations permitted to convert into cooperatives
Known as the Electric Cooperative Act
The act spans §§ 33-49-10 to 33-49-90 (70 sections).
1962 Code SECTION 12-1071; 1952 Code SECTION 12-1071; 1942 Code SECTION 8555-106; 1939 (41) 240.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.