South Carolina § 33-45-60 - Payment of subscriptions.
Full text of South Carolina South Carolina Code of Laws § 33-45-60 — Payment of subscriptions., with citation guidance and answers to common questions.
§ 33-45-60. Payment of subscriptions.
All subscriptions to the capital stock of any association organized under this chapter shall be payable in money or in labor or property at its money value and shall be listed, the labor or the property and the value thereof to be specified in the list of subscriptions. But no subscription in labor or property shall be received unless such labor or property and the value thereof, so to be specified as aforesaid, be approved by the board of incorporators.
HISTORY: 1962 Code SECTION 12-806; 1952 Code SECTION 12-806; 1942 Code SECTION 8140; 1932 Code SECTION 8140; Civ. C. '22 SECTION 4334; 1915 (29) 235.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-45-60
What does South Carolina Code of Laws § 33-45-60 cover?
Section 33-45-60 ("Payment of subscriptions.") 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 § 33-45-60?
A common citation format is "South Carolina Code of Laws § 33-45-60" (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 § 33-45-60 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.