§ 33-49-1210 Corporations permitted to convert into cooperatives
§ 33-49-1220 Articles of conversion
§ 33-49-1230 Approval at membership meeting
§ 33-49-1240 Execution of articles and affidavit; submission to Secretary of State
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Terms Used In South Carolina Code > Title 33 > Chapter 49 > Article 13 - Conversion of Other Corporations Into Cooperatives

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Articles of incorporation: includes the articles of conversion of a converted corporation. See South Carolina Code 33-49-20
  • 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.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Statute: A law passed by a legislature.