South Carolina § 58-15-150 - Railroads may issue no par common stock.
Full text of South Carolina South Carolina Code of Laws § 58-15-150 — Railroads may issue no par common stock., with citation guidance and answers to common questions.
§ 58-15-150. Railroads may issue no par common stock.
A railroad corporation may issue common stock in shares having no par value on stating in its declaration and petition the number of such shares to be issued in lieu of the par value thereof and the minimum and maximum amount thereof.
HISTORY: 1962 Code SECTION 58-666; 1952 Code SECTION 58-666; 1942 Code SECTION 8179; 1932 Code SECTION 8179; Civ. C. '22 SECTION 4359; Civ. C. '12 SECTION 2873; Civ. C. '02 SECTION 1917; 1899 (23) 64; 1921 (32) 146; 1927 (35) 30.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 58-15-150
What does South Carolina Code of Laws § 58-15-150 cover?
Section 58-15-150 ("Railroads may issue no par common 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 § 58-15-150?
A common citation format is "South Carolina Code of Laws § 58-15-150" (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 § 58-15-150 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.