South Carolina Code 34-15-30. Capital stock shall be held security for fiduciary obligations
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Terms Used In South Carolina Code 34-15-30
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The capital stock of such corporation shall be held as security for the faithful performance of the duties undertaken by virtue of § 34-15-10 or of any similar provision of law.