The provisions of Chapter 1 of Title 35 shall not apply to any note, bond or other evidence of indebtedness issued by any cooperative or foreign corporation transacting business in this State pursuant to this chapter, to the United States of America or any agency or instrumentality thereof or to any mortgage or deed of trust executed to secure the same. The provisions of said Title shall not apply to the issuance of membership certificates by any cooperative or any such foreign corporation.
S.C. Code Ann. § 33-49-60
Uniform Securities Act provisions are not applicable
Known as the Electric Cooperative Act
The act spans §§ 33–33 (70 sections).
1962 Code SECTION 12-1006; 1952 Code SECTION 12-1006; 1942 Code SECTION 8555-120; 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.