South Carolina General Assembly
103rd Session, 1979-1980

Bill 240


                    Current Status

Bill Number:               240
Ratification Number:       413
Act Number                 364
Introducing Body:          Senate
Subject:                   Relating to the payment of charter fees
                           by corporations
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A364, R413, S240)

AN ACT TO AMEND SECTION 33-31-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE PAYMENT OF CHARTER FEES BY CORPORATIONS, SO AS TO PROVIDE THAT CHURCHES, RELIGIOUS ORGANIZATIONS, SOCIETIES OR INSTITUTIONS AND VOLUNTEER FIRE DEPARTMENTS SHALL PAY A FEE OF THREE DOLLARS INSTEAD OF NO FEE.

Be it enacted by the General Assembly of the State of South Carolina:

Fee

Section 1. Section 33-31-50 of the 1976 Code is amended by striking beginning on line seven", are exempt from the payment of the fee required by this section" and inserting "shall pay a charter fee of three dollars". The section when amended shall read:

"Section 33-31-50. Upon the filing of the above declaration and the payment of a charter fee of fifteen dollars the Secretary of State shall issue to the proposed corporation a certificate of incorporation for the term that may be fixed in the declaration or, in the absence of such limitation, in perpetuity. Provided, that churches, religious organizations, religious societies, religious institutions and volunteer fire departments shall pay a charter fee of three dollars."

Time effective

Section 2. This act shall take effect upon approval by the Governor.