The capital stock of such corporation shall be held as security for the faithful performance of the duties undertaken by virtue of Section 34-15-10 or of any similar provision of law.
S.C. Code Ann. § 34-15-30
Capital stock shall be held security for fiduciary obligations
1962 Code SECTION 8-243; 1952 Code SECTION 8-243; 1942 Code SECTION 7839; 1932 Code SECTION 7865; 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.