South Carolina § 12-20-40 - Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority.
Full text of South Carolina South Carolina Code of Laws § 12-20-40 — Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority., with citation guidance and answers to common questions.
§ 12-20-40. Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority.
(A) An initial annual report and the minimum license fee required by Sections 12-20-50 and 12-20-100(C) must be filed with the Secretary of State with the initial articles of incorporation filed by a domestic corporation, an application for certificate of authority filed by a foreign corporation, or the articles of domestication filed by a corporation domesticating in South Carolina, as appropriate. The initial annual report must be submitted to the department by the Secretary of State and contain the information required in Section 12-20-30(A).
(B) A corporation that does not file an application for certificate of authority with the Secretary of State shall file the initial annual report and pay the minimum license fee required by Sections 12-20-50 and 12-20-100 to the department on or before sixty days after initially doing business, or using a portion of its capital in this State.
HISTORY: 1995 Act No. 76, SECTION 3; 2004 Act No. 221, SECTION 40, eff April 29, 2004.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 12-20-40
What does South Carolina Code of Laws § 12-20-40 cover?
Section 12-20-40 ("Initial annual report and minimum license fee to be filed with initial articles of incorporation or application for certificate of authority.") 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 § 12-20-40?
A common citation format is "South Carolina Code of Laws § 12-20-40" (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 § 12-20-40 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.