reglab/housing_qa huggingface dataset:
SC Code § 33-39-260 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-260. Amendment of charter.

 The charter may be amended by the votes of the stockholders and the members of the corporation, voting separately by classes, and such amendments shall require approval by the affirmative vote of two thirds of the votes to which the stockholders shall be entitled and two thirds of the votes to which the members shall be entitled; provided, that no amendment of the charter which is inconsistent with the general purposes expressed in this chapter, which authorizes any additional class of capital stock to be issued or which eliminates or curtails the right of the Secretary of State to examine the corporation or the obligation of the corporation to make reports as provided by law shall be made without amendment of this chapter; and provided, further, that no amendment of the charter which increases the obligation of a member to make loans to the corporation, makes any change in the principal amount, interest rate or maturity date or in the security or credit position of any outstanding loan of a member to the corporation, affects a member's right to withdraw from membership as provided in Section 33-39-430 or affects a member's voting rights as provided in Sections 33-39-440 and 33-39-450 shall be made without the consent of each member affected by such amendment.  HISTORY: 1962 Code Section 12-1226; 1960 (51) 1907.
SC Code § 33-39-270 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-270. Approval by Secretary of State and filing of articles of amendment.

 Within thirty days after any meeting at which amendment of the charter has been adopted articles of amendment signed and sworn to by the president, treasurer and a majority of the directors, setting forth such amendment and the due adoption thereof, shall be submitted to the Secretary of State, who shall examine them and, if he finds that they conform to the requirements of this chapter, shall so certify and endorse his approval thereon. Thereupon, the articles of amendment shall be filed in the office of the Secretary of State, and no such amendment shall take effect until such articles of amendment shall have been filed as aforesaid.  HISTORY: 1962 Code Section 12-1227; 1960 (51) 1907.
SC Code § 33-39-410 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-410. Who may become members, stockholders or bondholders.

 Notwithstanding any provision of any general or special law or any provision in their respective charters, agreements of association, articles of organization or trust indentures, (a) all domestic corporations organized for the purpose of carrying on business within this State, including without implied limitation any public utility companies and insurance and casualty companies, foreign corporations licensed to do business in the State and all trusts may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of any bonds, securities or other evidences of indebtedness created by or the shares of the capital stock of the corporation and while owners of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory authority of the State; (b) all financial institutions may become members of the corporation and make loans to the corporation as provided in this chapter; (c) a financial institution which does not become a member of the corporation shall not be permitted to acquire any shares of the capital stock of the corporation; and (d) each financial institution which becomes a member of the corporation may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of any bonds, securities or other evidences of indebtedness created by or the shares of the capital stock of the corporation and while owners of such stock to exercise all the rights, powers and privileges of ownership, including the right to vote thereon, all without the approval of any regulatory authority of the State; provided, that the amount of the capital stock of the corporation which may be acquired by any member pursuant to the authority granted herein shall not exceed ten per cent of the loan limit of such member. The amount of capital stock of the corporation which any member is authorized to acquire pursuant to the authority granted herein is in addition to the amount of capital stock in corporations which such member may otherwise be authorized to acquire.  HISTORY: 1962 Code Section 12-1241; 1960 (51) 1907.
SC Code § 33-39-420 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-420. Application for membership.

 Any financial institution may request membership in the corporation by making application to the board of directors on such form and in such manner as the board of directors may require, and the membership shall become effective upon acceptance of such application by the board.  HISTORY: 1962 Code Section 12-1242; 1960 (51) 1907.
SC Code § 33-39-430 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-430. Duration of membership; withdrawal.

 Membership in the corporation shall be for the duration of the corporation; provided, that upon written notice given to the corporation three years in advance a member may withdraw from membership in the corporation at the expiration date of such notice.  HISTORY: 1962 Code Section 12-1243; 1960 (51) 1907.
SC Code § 33-39-440 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-440. Powers of stockholders and members.

 The stockholders and the members of the corporation shall have the following powers of the corporation:  (1) To elect directors;  (2) To make, amend and repeal bylaws;  (3) To amend the charter; and  (4) To exercise such other of the powers of the corporation as may be conferred on the stockholders and the members by the bylaws.  HISTORY: 1962 Code Section 12-1244; 1960 (51) 1907.
SC Code § 33-39-450 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-450. Voting by stockholders and members.

 As to all matters requiring action by the stockholders and the members of the corporation, the stockholders and the members shall vote separately thereon by classes, and, except as otherwise provided in this chapter, such matters shall require the affirmative vote of a majority of the votes to which the stockholders present or represented at the meeting shall be entitled and the affirmative vote of a majority of the votes to which the members present or represented at the meeting shall be entitled.  Each stockholder shall have one vote, in person or by proxy, for each share of capital stock held by him, and each member shall have one vote, in person or by proxy, except that any member having a loan limit of more than one thousand dollars shall have one additional vote, in person or by proxy, for each additional one thousand dollars which such member is authorized to have outstanding on loans to the corporation at any one time as determined under item (3) (b) of Section 33-39-460.  HISTORY: 1962 Code Section 12-1245; 1960 (51) 1907.
SC Code § 33-39-610 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-610. Management of corporation.

 The business and affairs of the corporation shall be managed and conducted by a board of directors, a president and treasurer and such other officers and such agents as the corporation by its bylaws shall authorize.  HISTORY: 1962 Code Section 12-1261; 1960 (51) 1907.
SC Code § 33-39-620 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-620. Board of directors; membership; powers.

 The board of directors shall consist of such number, not more than seven, as shall be determined in the first instance by the incorporators and thereafter annually by the members and the stockholders of the corporation. The board of directors may exercise all the powers of the corporation except such as are conferred by law or by the bylaws of the corporation upon the stockholders or members and shall choose and appoint all the agents and officers of the corporation and fill all vacancies except vacancies in the office of director, which shall be filled as provided in Section 33-39-630.  HISTORY: 1962 Code Section 12-1262; 1960 (51) 1907.
SC Code § 33-39-630 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-630. Election of directors; vacancies.

 The board of directors shall be elected initially by the incorporators and thereafter at each annual meeting of the corporation or, if no annual meeting shall be held in any year at the time fixed by the bylaws, at a special meeting held in lieu of the annual meeting. At each annual meeting, or at each special meeting held in lieu of the annual meeting, the members of the corporation shall elect four directors and the stockholders shall elect the remaining three. The directors shall hold office until the next annual meeting of the corporation or special meeting held in lieu of the annual meeting after their election and until their successors are elected and qualify, unless sooner removed in accordance with the provisions of the bylaws. Any vacancy in the office of a director elected by the members shall be filled by the directors elected by the members, and any vacancy in the office of a director elected by the stockholders shall be filled by the directors elected by the stockholders.  HISTORY: 1962 Code Section 12-1263; 1960 (51) 1907.
SC Code § 33-39-640 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 39 - County Business Development Corporations|Section 33-39-640. Liability for losses.

 Directors and officers shall not be responsible for losses unless the losses shall have been occasioned by the wilful misconduct of such directors and officers.  HISTORY: 1962 Code Section 12-1264; 1960 (51) 1907.
SC Code § 33-41-10 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-10. Short title.

 This chapter may be cited as the "Uniform Partnership Act."  HISTORY: 1962 Code Section 52-1; 1952 Code Section 52-1; 1950 (46) 1841.
SC Code § 33-41-20 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-20. Definitions.

 As used in this chapter:  (1) "Court" includes every court and judge having jurisdiction in the case;  (2) "Business" includes every trade, occupation, or profession;  (3) "Bankrupt" includes a bankrupt under the Federal Bankruptcy Act or an insolvent under any state insolvent act;  (4) "Conveyance" includes every assignment, lease, mortgage, or encumbrance;  (5) "Real property" includes land and any interest or estate in land; and  (6) "Registered limited liability partnership" includes a partnership formed pursuant to an agreement governed by the laws of this State, registered under Section 33-41-1110 and complying with Sections 33-41-1120 and 33-41-1130.  HISTORY: 1962 Code Section 52-2; 1952 Code Section 52-2; 1950 (46) 1841; 1994 Act No. 448, Section 3.
SC Code § 33-41-30 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-30. What constitutes "knowledge" or "notice" of a fact.

 (1) A person has "knowledge" of a fact within the meaning of this chapter not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith.  (2) A person has "notice" of a fact within the meaning of this chapter when the person who claims the benefit of the notice  (a) states the fact to such person or  (b) delivers through the mail or by other means of communication a written statement of the fact to such person or to a proper person at his place of business or residence.  HISTORY: 1962 Code Section 52-3; 1952 Code Section 52-3; 1950 (46) 1841.
SC Code § 33-41-40 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-40. Rules of construction; applicable rules of law; existing rights are not affected.

 (1) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.  (2) The law of estoppel shall apply under this chapter.  (3) The law of agency shall apply under this chapter.  (4) This chapter shall be so interpreted and construed as to effect its general purpose to make uniform the law of those states which enact substantially identical legislation.  (5) This chapter shall not be construed so as to impair the obligations of any contract existing when the chapter goes into effect, nor to affect any action or proceedings begun or right accrued before this chapter takes effect.  HISTORY: 1962 Code Section 52-4; 1952 Code Section 52-4; 1950 (46) 1841.
SC Code § 33-41-50 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-50. Rules for cases not provided for.

 In any case not provided for in this chapter the rules of law and equity, including the law merchant, shall govern.  HISTORY: 1962 Code Section 52-5; 1952 Code Section 52-5; 1950 (46) 1841.
SC Code § 33-41-210 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-210. "Partnership" defined; application to limited partnerships.

 A "partnership" is an association of two or more persons to carry on as co-owners a business for profit and includes, for all purposes of the laws of this State, a registered limited liability partnership. However, any association formed under any other statute of this State or any statute adopted by authority, other than the authority of this State, is not a partnership under this chapter unless the association would have been a partnership in this State before the adoption of this chapter on February 13, 1950.  This chapter shall apply to limited partnerships except insofar as the statutes relating to the partnerships are inconsistent with the provisions of this chapter.  HISTORY: 1962 Code Section 52-11; 1952 Code Section 52-11; 1950 (46) 1841; 1994 Act No. 448, Section 4.
SC Code § 33-41-220 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-220. Determining existence of partnership.

 In determining whether a partnership exists, these rules shall apply:  (1) Except as provided by Section 33-41-380 persons who are not partners as to each other are not partners as to third persons;  (2) Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profit made by the use of the property;  (3) The sharing of gross returns does not of itself establish a partnership, whether or not the persons sharing them have a joint or common right or interest in any property from which the returns are derived; and  (4) The receipt by a person of a share of the profits of a business is prima facie evidence that he is a partner in the business, but no such inference shall be drawn if such profits were received in payment  (a) as a debt by installments or otherwise,  (b) as wages of an employee or rent to a landlord,  (c) as an annuity to a widow or representative of a deceased partner,  (d) as interest on a loan, though the amount of payment vary with the profits of the business or  (e) as the consideration for the sale of the good will of a business or other property by installments or otherwise.  HISTORY: 1962 Code Section 52-12; 1952 Code Section 52-12; 1950 (46) 1841.
SC Code § 33-41-230 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-230. Partnership property; acquisition and conveyance.

 (1) All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership, is partnership property.  (2) Unless the contrary intention appears property acquired with partnership funds is partnership property.  (3) Any estate in real property may be acquired in the partnership name. Title so acquired can be conveyed only in the partnership name.  (4) A conveyance to a partnership in the partnership name, though without words of inheritance, passes the entire estate of the grantor unless a contrary intent appears.  HISTORY: 1962 Code Section 52-13; 1952 Code Section 52-13; 1950 (46) 1841.
SC Code § 33-41-310 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-310. Partner's acts and agency; limitation of authority.

 (1) Every partner is an agent of the partnership for the purpose of its business and the act of every partner, including the execution in the partnership name of any instrument, for apparently carrying on in the usual way the business of the partnership of which he is a member binds the partnership, unless the partner so acting has in fact no authority to act for the partnership in the particular matter and the person with whom he is dealing has knowledge of the fact that he has no such authority.  (2) An act of a partner which is not apparently for the carrying on of the business of the partnership in the usual way does not bind the partnership unless authorized by the other partners.  (3) Unless authorized by the other partners or unless they have abandoned the business, one or more but less than all the partners have no authority to  (a) assign the partnership property in trust for creditors or on the assignee's promise to pay the debts of the partnership,  (b) dispose of the good will of the business,  (c) do any other act which would make it impossible to carry on the ordinary business of a partnership,  (d) confess a judgment or  (e) submit a partnership claim or liability to arbitration or reference.  (4) No act of a partner in contravention of a restriction on authority shall bind the partnership to persons having knowledge of the restriction.  HISTORY: 1962 Code Section 52-21; 1952 Code Section 52-21; 1950 (46) 1841.
SC Code § 33-41-320 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-320. Conveyances of real property of partnership.

 (1) When title to real property is in the partnership name any partner may convey title to such property by a conveyance executed in the partnership name; but the partnership may recover such property unless the partner's act binds the partnership under the provisions of paragraph (1) of Section 33-41-310 or unless such property has been conveyed by the grantee or a person claiming through such grantee to a holder for value without knowledge that the partner, in making the conveyance, has exceeded his authority.  (2) When title to real property is in the name of the partnership a conveyance executed by a partner, in his own name, passes the equitable interest of the partnership, provided the act is one within the authority of the partner under the provisions of paragraph (1) of Section 33-41-310.  (3) When title to real property is in the name of one or more but not all the partners and the record does not disclose the right of the partnership, the partners in whose name the title stands may convey title to such property, but the partnership may recover such property if the partners' act does not bind the partnership under the provisions of paragraph (1) of Section 33-41-310, unless the purchaser or his assignee is a holder for value without knowledge.  (4) When the title to real property is in the name of one or more or all the partners or in a third person in trust for the partnership a conveyance executed by a partner in the partnership name or in his own name passes the equitable interest of the partnership, provided the act is one within the authority of the partner under the provisions of paragraph (1) of Section 33-41-310.  (5) When the title to real property is in the names of all the partners a conveyance executed by all the partners passes all their rights in such property.  HISTORY: 1962 Code Section 52-22; 1952 Code Section 52-22; 1950 (46) 1841.
SC Code § 33-41-330 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-330. Admission or representation by partner as evidence.

 An admission or representation made by any partner concerning partnership affairs within the scope of his authority as conferred by this chapter is evidence against the partnership.  HISTORY: 1962 Code Section 52-23; 1952 Code Section 52-23; 1950 (46) 1841.
SC Code § 33-41-340 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-340. Notice to or knowledge of partner.

 Notice to any partner of any matter relating to partnership affairs, the knowledge of the partner acting in the particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably could and should have communicated it to the acting partner, operate as notice to or knowledge of the partnership, except in the case of a fraud on the partnership committed by or with the consent of that partner.  HISTORY: 1962 Code Section 52-24; 1952 Code Section 52-24; 1950 (46) 1841.
SC Code § 33-41-350 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-350. Liability for wrongful act or omission of partner.

 When, by any wrongful act or omission of any partner acting in the ordinary course of the business of the partnership or with the authority of his copartners, loss or injury is cause to any person, not being a partner in the partnership, or any penalty is incurred, the partnership is liable therefor to the same extent as the partner so acting or omitting to act.  HISTORY: 1962 Code Section 52-25; 1952 Code Section 52-25; 1950 (46) 1841.
SC Code § 33-41-360 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 41 - Uniform Partnership Act|Section 33-41-360. Partnership is bound by partner's breach of trust.

 The partnership is bound to make good the loss:  (1) When one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and  (2) When the partnership in the course of its business receives money or property of a third person and the money or property so received is misapplied by any partner while it is in the custody of the partnership.  HISTORY: 1962 Code Section 52-26; 1952 Code Section 52-26; 1950 (46) 1841.