South Carolina Code 33-45-40. Filing of petition with Secretary of State
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They shall file with the Secretary of State a written petition, signed by themselves, setting forth:
(1) The names and residences of the petitioners;
Terms Used In South Carolina Code 33-45-40
- 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.
(2) The name of the proposed corporation, which shall include the word "cooperative";
(3) The place at which it proposes to have its principal place of business;
(4) The general nature of the business which it proposes to engage in;
(5) The amount of capital stock of the association and how and when payable;
(6) The number of shares into which the capital stock is to be divided and the par value of each share; and
(7) All other matters which it may be desirable to set forth.