South Carolina Code 58-27-1310. Lease of property and franchises
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Terms Used In South Carolina Code 58-27-1310
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Any electric light company organized under the laws of this State may lease its property and franchises to any other electric light company, upon such terms as may be agreed upon by a majority of the stockholders at a special meeting called after thirty days’ advertisement.