South Carolina § 33-49-270 - Mortgage or pledge of assets.
Full text of South Carolina South Carolina Code of Laws § 33-49-270 — Mortgage or pledge of assets., with citation guidance and answers to common questions.
§ 33-49-270. Mortgage or pledge of assets.
A mortgage or pledge of or other security interest in all or any part of the assets of a cooperative, whether or not in the usual and regular course of its business, may be made by authority of the board of trustees of the cooperative without authorization of the members, unless the articles of incorporation or bylaws shall specifically so require.
HISTORY: 1962 Code SECTION 12-1035.1; 1970 (56) 1967.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-49-270
What does South Carolina Code of Laws § 33-49-270 cover?
Section 33-49-270 ("Mortgage or pledge of assets.") 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 § 33-49-270?
A common citation format is "South Carolina Code of Laws § 33-49-270" (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 § 33-49-270 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.