South Carolina § 33-47-840 - Voting.
Full text of South Carolina South Carolina Code of Laws § 33-47-840 — Voting., with citation guidance and answers to common questions.
§ 33-47-840. Voting.
There shall be three methods of voting, each organization determining and stating in its bylaws which one of the methods of voting outlined herein shall be used. First, each owner of common stock may be allowed to vote his holdings of common stock, provided, however, that he shall not have a vote exceeding that which corresponds to twenty per cent of the total stock issued and outstanding by the organization; or second, any cooperative association may allow its members to vote according to their volume of business in proportion to the total volume transacted by each member through or with the organization during the fiscal year immediately preceding the annual or special meeting at which the vote shall be taken and each organization may determine the unit of volume which shall be used as a basis of computing the votes, such volume to be calculated as a basis of voting by units or value which each organization may determine in its bylaws; or, third, each member or common stockholder may be entitled to one vote.
HISTORY: 1962 Code SECTION 12-954; 1952 Code SECTION 12-954; 1942 Code SECTION 6512; 1932 Code SECTION 6512; Civ. C. '22 SECTION 3416; 1921 (32) 339; 1935 (39) 205.
Frequently Asked Questions About South Carolina § 33-47-840
What does South Carolina Code of Laws § 33-47-840 cover?
Section 33-47-840 ("Voting.") 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 § 33-47-840?
A common citation format is "South Carolina Code of Laws § 33-47-840" (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 § 33-47-840 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.