This article does not apply to any business combination of a resident domestic corporation of which the articles of incorporation have been amended to provide that the resident domestic corporation is not subject to this article, and is a business combination with an interested shareholder whose share acquisition date is before the effective date of the amendment.
S.C. Code Ann. § 35-2-220
Amendment of articles of incorporation making corporation subject to this article; application of article
1988 Act No. 444, SECTION 5, eff April 22, 1988.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.