South Carolina § 33-14-103 - Articles of dissolution.

§ 33-14-103. Articles of dissolution.

(a) At any time after dissolution is authorized, the corporation may dissolve by delivering to the Secretary of State for filing articles of dissolution setting forth:

(1) the name of the corporation;

(2) the names and addresses of its directors;

(3) the names and addresses of its officers;

(4) the date dissolution was authorized;

(5) if dissolution was approved by the shareholders:

(i) the number of votes entitled to be cast on the proposal to dissolve; and

(ii) either the total number of votes cast for and against dissolution or the total number of undisputed votes cast for dissolution and a statement that the number cast for dissolution was sufficient for approval.

(6) If voting by voting groups was required, the information required by item (5) must be provided separately for each voting group entitled to vote separately on the plan to dissolve.

(b) A corporation is dissolved upon the effective date of its articles of dissolution.

HISTORY: Derived from 1976 Code SECTION 33-21-20 [1962 Code SECTION 12-22.2; 1952 Code SECTIONS 12-641 to 12-643; 1942 Code SECTIONS 7707, 7708; 1932 Code SECTIONS 7707, 7708; Civ. C. '22 SECTIONS 4279, 4280; Civ. C. '12 SECTIONS 2812, 2813; 1902(23) 1036; 1919 (31) 56, 1925 (34) 244; 1960 (51) 1752; 1962 (52) 1996; 1963 (53) 327; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 4(1)], and SECTION 33-21-100 [1962 Code SECTION 12-22.10; 1962 (52) 1996; 1981 Act No. 146, SECTION 2; 1985 Act No. 72 SECTION 2; Repealed, 1988 Act No. 444, SECTION 4(1)]; 1988 Act No. 444, SECTION 2.