South Carolina General Assembly
104th Session, 1981-1982

Bill 2764

                    Current Status

Bill Number:               2764
Ratification Number:       164
Act Number                 113
Introducing Body:          House
Subject:                   Meetings of stockholders of railroad,
                           street railway, steamboat and canal
           companies
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A113, R164, H2764)

AN ACT TO AMEND SECTION 58-15-250, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MEETINGS OF STOCKHOLDERS OF RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES, SO AS TO DELETE THE REQUIREMENT REQUIRING ONE MEETING OF SUCH COMPANIES TO BE HELD ANNUALLY IN THIS STATE.

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

Stockholders entitled to one vote

Section 1. Section 28-15-250 of the 1976 Code is amended to read:

"Section 58-15-250. At all stockholders' meetings each stockholder shall be entitled to one vote for each share of stock held or owned by him and shall be entitled to vote for directors, trustees or managers as provided in Section 33-11-200."

Time effective

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