South Carolina § 33-31-622 - Purchase of memberships.
Full text of South Carolina South Carolina Code of Laws § 33-31-622 — Purchase of memberships., with citation guidance and answers to common questions.
§ 33-31-622. Purchase of memberships.
(a) A public benefit or religious corporation may not purchase any of its memberships or any right arising therefrom.
(b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth in or authorized by its articles or bylaws. No payment shall be made in violation of Article 13.
HISTORY: 1994 Act No. 384, SECTION 1.
Subarticle D
Derivative Suits
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-31-622
What does South Carolina Code of Laws § 33-31-622 cover?
Section 33-31-622 ("Purchase of memberships.") 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 § 33-31-622?
A common citation format is "South Carolina Code of Laws § 33-31-622" (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 § 33-31-622 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.