South Carolina § 34-26-700 - Share accounts; par value; pledged shares.
Full text of South Carolina South Carolina Code of Laws § 34-26-700 — Share accounts; par value; pledged shares., with citation guidance and answers to common questions.
§ 34-26-700. Share accounts; par value; pledged shares.
(1) Share accounts shall be subscribed to and paid for in such manner and amounts as the bylaws prescribe.
(2) The par value of shares shall be as prescribed in the bylaws.
(3) Shares may be pledged as security on any loan.
HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-26-700
What does South Carolina Code of Laws § 34-26-700 cover?
Section 34-26-700 ("Share accounts; par value; pledged shares.") 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 § 34-26-700?
A common citation format is "South Carolina Code of Laws § 34-26-700" (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 § 34-26-700 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.