South Carolina Code 5-3-120. Alternate method when entire area proposed to be annexed owned by corporation
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Terms Used In South Carolina Code 5-3-120
- 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.
- municipality: as used in this chapter shall be construed to mean any incorporated city or town located within this State. See South Carolina Code 5-3-290
If the entire area proposed to be annexed belongs to a corporation only, it may be annexed on the petition of the stockholders of the corporation. Upon agreement of the governing body of the municipality to accept the petition and the passage of an ordinance to that effect by the municipality, the annexation is complete.