reglab/housing_qa huggingface dataset:
SC Code § 33-47-90 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-90. Adoption of chapter by corporations or associations already formed.

 Any corporation or association organized under previously existing statutes may by a majority vote of its stockholders or members be brought under the provisions of this chapter by limiting its membership and adopting the other restrictions as provided herein. It shall make out in duplicate a statement signed and sworn to by its directors, upon forms supplied by the Secretary of State, to the effect that the corporation or association has by a majority vote of its stockholders or members decided to accept the benefits and be bound by the provisions of this chapter. Articles of incorporation shall be filed as required in Sections 33-47-210 and 33-47-220, except that they shall be signed by the members of the board of directors. The filing fee shall be two and one-half dollars.  HISTORY: 1962 Code Section 12-909; 1952 Code Section 12-909; 1942 Code Section 6521; 1932 Code Section 6521; Civ. C. '22 Section 3425; 1921 (32) 339.
SC Code § 33-47-100 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-100. Participation of associations in other associations.

 An association may organize, form, operate, own, control, have an interest in, own stock of or be a member of any other corporation with or without capital stock and engaged in preserving, drying, processing, canning, storing, handling, shipping, utilizing, manufacturing, marketing or selling the agricultural products handled by the association, or the by-products thereof.  HISTORY: 1962 Code Section 12-910; 1952 Code Section 12-910; 1942 Code Section 6519; 1932 Code Section 6519; Civ. C. '22 Section 3423; 1921 (32) 339.
SC Code § 33-47-110 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-110. Annual reports.

 Each association formed under this chapter shall prepare and make out an annual report on forms furnished by the director of the State extension service of Clemson University containing:  (1) The name of the association;  (2) Its principal place of business; and  (3) A general statement of its business operations during the fiscal year, showing  (a) the amount of capital stock paid up and the number of stockholders, if a stock association, or the number of members and amount of membership fees received, if a nonstock association,  (b) the total expenses of operations,  (c) the amount of its indebtedness or liability and  (d) its balance sheets.  HISTORY: 1962 Code Section 12-911; 1952 Code Section 12-911; 1942 Code Section 6517; 1932 Code Section 6517; Civ. C. '22 Section 3421; 1921 (32) 339.
SC Code § 33-47-120 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-120. Annual license fee; exemption from franchise and license tax.

 Each association organized hereunder and all production credit associations organized under the act of Congress known as the Farm Credit Act of 1933 shall pay an annual license fee of ten dollars but shall be exempt from all franchise or license taxes.  HISTORY: 1962 Code Section 12-912; 1952 Code Section 12-912; 1942 Code Section 6526; 1932 Code Section 6526; Civ. C. '22 Section 3430; 1921 (32) 339; 1967 (55) 650.
SC Code § 33-47-210 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-210. Articles of incorporation.

 Each association formed under this chapter must prepare and file articles of incorporation setting forth:  (1) The name of the association;  (2) The purpose for which it is formed;  (3) The place where its principal business will be transacted;  (4) The term for which it is to exist, not exceeding fifty years;  (5) The names and addresses of those (not less than five) who are to serve as directors for the first term or until the election of their successors;  (6) If organized without capital stock, whether the property rights and interest of each member shall be equal or unequal and, if unequal, the general rule or rules applicable to all members by which the property rights and interests, respectively, of each member may and shall be determined and fixed; and  (7) If organized with capital stock, the amount of such stock and the number of shares into which it is divided and the par value thereof. If the capital stock be divided into preferred and common stock the articles of incorporation must contain a statement of the number of shares of stock to which preference is granted and the number of shares of stock to which no preference is granted and the nature and extent of the preference and privileges granted to each.  In addition to the foregoing the articles of incorporation may contain any provisions consistent with law with respect to the corporation's management, regulation, government, financing, indebtedness, membership, establishment of voting districts and election of delegates for representative purposes, the issuance, retirement and transfer of its stock, if formed with capital stock, the way or manner in which the association shall operate with respect to its members, officers or directors or any other provisions relating to its affairs.  HISTORY: 1962 Code Section 12-921; 1952 Code Section 12-921; 1942 Code Section 6506; 1932 Code Section 6506; Civ. C. '22 Section 3410; 1921 (32) 339; 1935 (39) 163.
SC Code § 33-47-215 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-215. Reinstatement of a marketing cooperative association.

 (A) An association whose term of existence has expired may apply to the Secretary of State for reinstatement within two years after the effective date of expiration. The application must:  (1) recite the name of the association and the effective date of its expiration; and  (2) include revised articles of incorporation with a new term as required by Section 33-47-210(4).  (B) If the Secretary of State determines the application contains the information required by subsection (A) and the information is correct, the Secretary of State shall cancel the expiration and prepare a certificate of reinstatement reciting its determination and the effective date of reinstatement, file the original of the certificate, and provide a copy to the association.  (C) When reinstatement is effective, it relates back to and takes effect as of the effective date of the expiration and the association shall resume carrying on its activities as if the expiration had never occurred.  HISTORY: 2016 Act No. 149 (S.1049), Section 1, eff April 21, 2016.  Code Commissioner's Note  2016 Act No. 149, Section 1, which proposed to enact a Section 33-47-1160, has been renumbered Section 33-47-215 at the direction of the Code Commissioner.
SC Code § 33-47-220 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-220. Execution and filing of articles; effect thereof.

 The articles must be subscribed by the incorporators and acknowledged by one of them before an officer authorized by the law of this State to take and certify acknowledgments of deeds and conveyances and shall be filed in accordance with the provisions of the general corporation law of this State. When so filed they shall be received in all of the courts of this State and other places as prima facie evidence of the facts contained therein and of the due incorporation of such association. A certified copy of the articles of incorporation shall also be filed with the director of the State extension service of Clemson University.  HISTORY: 1962 Code Section 12-922; 1952 Code Section 12-922; 1942 Code Section 6506; 1932 Code Section 6506; Civ. C. '22 Section 3410; 1921 (32) 339; 1935 (39) 163.
SC Code § 33-47-230 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-230. Powers of association.

 Each association incorporated under this chapter shall, in addition to the powers conferred on all private corporations by Section 33-3-102, have the following powers:  (1) To engage in any activity in connection with  (a) the producing, marketing, selling, harvesting, preserving, drying, processing, canning, packing, storing, handling or utilization of any agricultural products produced or delivered to it by its members,  (b) the manufacturing or marketing of the by-products thereof,  (c) the purchase, hiring or use by its members of supplies, machinery or equipment,  (d) the financing of any such activities or  (e) more than one of the activities specified in this section;  (2) To borrow money and to make advances to members;  (3) To act as agent or representative of any member in any of the above-mentioned activities;  (4) To purchase or otherwise acquire and to hold, own and exercise all rights of ownership in and to sell, transfer or pledge shares of the capital stock or bonds of any corporation or association engaged in any related activity or in the handling or marketing of any of the products handled by the association;  (5) To establish reserves and to invest the funds thereof in bonds or such other property as may be provided in the bylaws;  (6) To buy, hold and exercise all privileges of ownership over such real or personal property as may be necessary or convenient for the conduct and operation of any of the business of the association or incidental thereto; and  (7) To do each and everything necessary, suitable or proper for the accomplishment of any of the purposes or the attainment of any of the objects herein enumerated or conducive to or expedient for the interest or benefit of the association and to contract accordingly; to exercise and possess all powers, rights and privileges necessary or incidental to the purposes for which the association is organized or to the activities in which it is engaged and any other rights, powers and privileges granted by the laws of this State to ordinary corporations, except such as are inconsistent with the express provisions of this chapter; and to do any such thing anywhere.  HISTORY: 1962 Code Section 12-923; 1952 Code Section 12-923; 1942 Code Section 6504; 1932 Code Section 6504; Civ. C. '22 Section 3408; 1921 (32) 339; 1934 (38) 1497; 1935 (39) 163.  Code Commissioner's Note  The reference in the opening paragraph to 33-37-30 was changed to Section 33-3-102 at the direction of the Code Commissioner to reflect the recodification by 1988 Act no. 444, Section 2.
SC Code § 33-47-240 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-240. Amendment of articles of incorporation.

 The articles of incorporation may be altered or amended at any regular meeting or at any special meeting called for that purpose. An amendment must first be approved by two thirds of the directors and then adopted by a vote representing a majority of a quorum of the members attending a meeting prior to which notice of the proposed amendment shall have been given. Amendments to the articles of incorporation when so adopted shall be filed in accordance with the provisions of the general corporation law of this State.  HISTORY: 1962 Code Section 12-924; 1952 Code Section 12-924; 1942 Code Section 6507; 1932 Code Section 6507; Civ. C. '22 Section 3411; 1921 (32) 339; 1935 (39) 163.
SC Code § 33-47-250 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-250. Amendments requiring approval of three fourths of members.

 The provisions of the articles of incorporation inserted therein pursuant to item (6) of Section 33-47-210 shall not be altered, amended or repealed except by the written consent or vote of three fourths of the members.  HISTORY: 1962 Code Section 12-925; 1952 Code Section 12-925; 1942 Code Section 6506; 1932 Code Section 6506; Civ. C. '22 Section 3410; 1921 (32) 339; 1935 (39) 163.
SC Code § 33-47-260 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-260. Fees.

 For filing articles of incorporation an association organized hereunder shall pay ten dollars, and for filing an amendment to such articles, two dollars and fifty cents.  HISTORY: 1962 Code Section 12-926; 1952 Code Section 12-926; 1942 Code Section 6527; 1932 Code Section 6527; Civ. C. '22 Section 3431; 1921 (32) 339.
SC Code § 33-47-410 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-410. Membership.

 Under the terms and conditions prescribed in its bylaws an association may admit as members or issue common stock only to persons engaged in the production of the agricultural products to be handled by or through the association, including the lessees and tenants of land used for the production of such products and any lessors and landlords who receive as rent part of the crop raised on the leased premises.  HISTORY: 1962 Code Section 12-931; 1952 Code Section 12-931; 1942 Code Section 6505; 1932 Code Section 6505; Civ. C. '22 Section 3409; 1921 (32) 339.
SC Code § 33-47-420 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-420. Associations as members.

 One association organized hereunder may become a member or stockholder of any other association or associations organized hereunder.  HISTORY: 1962 Code Section 12-932; 1952 Code Section 12-932; 1942 Code Section 6505; 1932 Code Section 6505; Civ. C. '22 Section 3409; 1921 (32) 339.
SC Code § 33-47-430 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-430. Certificate of membership.

 When a member of an association established without capital stock has paid his membership fee in full he shall receive a certificate of membership.  HISTORY: 1962 Code Section 12-933; 1952 Code Section 12-933; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-440 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-440. Admission of new members.

 The association may admit new members who shall be entitled to share in the property of the association with the old members, in accordance with such general rule or rules as may be prescribed in the articles of incorporation.  HISTORY: 1962 Code Section 12-934; 1952 Code Section 12-934; 1942 Code Section 6506; 1932 Code Section 6506; Civ. C. '22 Section 3410; 1921 (32) 339; 1935 (39) 163.
SC Code § 33-47-450 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-450. Representation of members other than natural persons.

 If a member of a nonstock association be other than a natural person, such member may be represented by an individual, associate, officer or member thereof duly authorized in writing.  HISTORY: 1962 Code Section 12-935; 1952 Code Section 12-935; 1942 Code Section 6505; 1932 Code Section 6505; Civ. C. '22 Section 3409; 1921 (32) 339.
SC Code § 33-47-460 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-460. Limitation on business with nonmembers.

 No association organized under this chapter shall, during any fiscal year thereof, deal in or handle products, machinery, equipment and supplies and perform services for and on behalf of nonmembers to an amount greater in value than such as are dealt in, handled and performed by it for and on behalf of members during the same period.  HISTORY: 1962 Code Section 12-936; 1952 Code Section 12-936; 1942 Code Section 6504; 1932 Code Section 6504; Civ. C. '22 Section 3408; 1921 (32) 339; 1934 (38) 1497; 1935 (39) 163.
SC Code § 33-47-470 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-470. Payment upon death, withdrawal or expulsion of member.

 Upon the death, withdrawal or expulsion of a member, the board of directors of the association shall, within one year, cause to be paid such member of his estate one hundred percent of all amounts due him for any and all raw products which have been delivered by him to the association. All other amounts which might be due for capital stock, certificates of interest, reserves or on account of any other equity credits shall be payable in accordance with the charter or bylaws of the association.  HISTORY: 1962 Code Section 12-937; 1952 Code Section 12-937; 1942 Code Section 6508; 1932 Code Section 6508; Civ. C. '22 Section 3412; 1921 (32) 339; 1935 (39) 163; 1981 Act No. 58, Section 1.
SC Code § 33-47-610 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-610. Issuance of stock.

 No association shall issue stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but such retention as security shall not affect the members' right to vote.  HISTORY: 1962 Code Section 12-941; 1952 Code Section 12-941; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-620 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-620. Preferred stock.

 Any association organized with stock under this chapter may issue preferred stock, with or without the right to vote. Such stock may be redeemable or retirable by the association on such term and conditions as may be provided for by the articles of incorporation and printed on the face of the certificate.  HISTORY: 1962 Code Section 12-942; 1952 Code Section 12-942; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-630 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-630. Issuance of preferred stock for property purchased.

 Whenever an association organized hereunder with preferred stock shall purchase any stock or any property, or any interest in any property, it may discharge the obligations so incurred, wholly or in part, by exchanging for the acquired interest shares of its preferred capital stock to an amount which at par value would equal the fair market value of the stock, property or interest so purchased, as determined by the board of directors. In that case the transfer to the association of the stock, property or interest purchased shall be equivalent to payment in cash for the shares of stock issued.  HISTORY: 1962 Code Section 12-943; 1952 Code Section 12-943; 1942 Code Section 6516; 1932 Code Section 6516; Civ. C. '22 Section 3420; 1921 (32) 339.
SC Code § 33-47-640 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-640. Limitation on amount of stock held.

 No stockholder of a cooperative association shall own more than one half of the issued common stock of the association. And an association, in its bylaws, may limit the amount of common stock which one member may own to any amount less than one twentieth of the issued common stock.  HISTORY: 1962 Code Section 12-944; 1952 Code Section 12-944; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-650 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-650. Limitation on transfer of common stock.

 The bylaws shall prohibit the transfer of the common stock of the association to persons not engaged in the production of the agricultural products handled by the association and such restrictions must be printed upon every certificate of stock subject thereto.  HISTORY: 1962 Code Section 12-945; 1952 Code Section 12-945; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-660 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-660. Purchase of its common stock by association.

 The association may, at any time, except when the debts of the association exceed fifty per cent of the assets thereof, buy in or purchase its common stock at the book value thereof as conclusively determined by the board of directors and pay for it in cash within one year thereafter.  HISTORY: 1962 Code Section 12-946; 1952 Code Section 12-946; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.
SC Code § 33-47-670 (2021)
2021 South Carolina Code of Laws|Title 33 - Corporations, Partnerships and Associations|Chapter 47 - Marketing Cooperative Associations|Section 33-47-670. Stockholder's liability.

 Except for debts lawfully contracted between him and the association no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.  HISTORY: 1962 Code Section 12-947; 1952 Code Section 12-947; 1942 Code Section 6512; 1932 Code Section 6512; Civ. C. '22 Section 3416; 1921 (32) 339; 1935 (39) 205.