South Carolina § 33-47-940 - Officers.
Full text of South Carolina South Carolina Code of Laws § 33-47-940 — Officers., with citation guidance and answers to common questions.
§ 33-47-940. Officers.
The directors shall elect from their number a president and one or more vice-presidents. They shall also elect a secretary and treasurer who need not be directors and they may combine the two latter officers and designate the combined office as secretary-treasurer. The treasurer, who shall be a bonded official, may be a bank or any depository and as such shall not be considered as an officer but as a function of the board of directors. In such case the secretary shall perform the usual accounting duties of the treasurer except that the funds shall be deposited only as authorized by the board of directors.
HISTORY: 1962 Code SECTION 12-964; 1952 Code SECTION 12-964; 1942 Code SECTION 6511; 1932 Code SECTION 6511; Civ. C. '22 SECTION 3415; 1921 (32) 339.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-47-940
What does South Carolina Code of Laws § 33-47-940 cover?
Section 33-47-940 ("Officers.") 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 § 33-47-940?
A common citation format is "South Carolina Code of Laws § 33-47-940" (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 § 33-47-940 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.