South Carolina § 38-23-20 - "Equity security" defined.
Full text of South Carolina South Carolina Code of Laws § 38-23-20 — "Equity security" defined., with citation guidance and answers to common questions.
§ 38-23-20. "Equity security" defined.
"Equity security", when used in this chapter, means any stock or similar security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the director or his designee considers to be of similar nature and considers necessary or appropriate, by any regulation the department may prescribe in the public interest or for the protection of investors, to treat as an equity security.
HISTORY: Former 1976 Code SECTION 38-23-20 [1947 (45) 322; 1952 Code SECTION 37-1002; 1962 Code SECTION 37-1002] recodified as SECTION 38-35-20 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 35-9-20 [1962 Code SECTION 62-477; 1966 (54) 2146] recodified as SECTION 38-23-20 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 593.
Frequently Asked Questions About South Carolina § 38-23-20
What does South Carolina Code of Laws § 38-23-20 cover?
Section 38-23-20 (""Equity security" defined.") 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 § 38-23-20?
A common citation format is "South Carolina Code of Laws § 38-23-20" (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 § 38-23-20 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.