South Carolina Code > Title 34 > Chapter 28 > Article 9 – Foreign Associations; Federal Associations With Their Principal Office in This State
Current as of: 2023 | Check for updates
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Other versions
| § 34-28-800 | Foreign associations |
| § 34-28-810 | Federal savings and loan associations |
Terms Used In South Carolina Code > Title 34 > Chapter 28 > Article 9 - Foreign Associations; Federal Associations With Their Principal Office in This State
- 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.
- Fiduciary: A trustee, executor, or administrator.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Service of process: The service of writs or summonses to the appropriate party.