South Carolina § 33-47-610 - Issuance of stock.
Full text of South Carolina South Carolina Code of Laws § 33-47-610 — Issuance of stock., with citation guidance and answers to common questions.
§ 33-47-610. Issuance of stock.
No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but such retention as security shall not affect the members' right to vote.
HISTORY: 1962 Code SECTION 12-941; 1952 Code SECTION 12-941; 1942 Code SECTION 6512; 1932 Code SECTION 6512; Civ. C. '22 SECTION 3416; 1921 (32) 339; 1935 (39) 205.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-47-610
What does South Carolina Code of Laws § 33-47-610 cover?
Section 33-47-610 ("Issuance of stock.") 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 § 33-47-610?
A common citation format is "South Carolina Code of Laws § 33-47-610" (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 § 33-47-610 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.