South Carolina § 31-1-170 - Limited return on stock.
Full text of South Carolina South Carolina Code of Laws § 31-1-170 — Limited return on stock., with citation guidance and answers to common questions.
§ 31-1-170. Limited return on stock.
No stockholder in any corporation formed hereunder shall receive any dividend in any one year in excess of six per cent per annum except that when in any preceding year dividends in the amount prescribed in the articles of incorporation shall not have been paid on the stock the stockholders may be paid such deficiency without interest out of any surplus earned in any succeeding year.
HISTORY: 1962 Code SECTION 36-17; 1952 Code SECTION 36-17; 1942 Code SECTION 5271-19; 1933 (38) 176.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 31-1-170
What does South Carolina Code of Laws § 31-1-170 cover?
Section 31-1-170 ("Limited return on stock.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 31-1-170?
A common citation format is "South Carolina Code of Laws § 31-1-170" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 31-1-170 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.