South Carolina General Assembly
109th Session, 1991-1992

Bill 165


                    Current Status

Introducing Body:               Senate
Bill Number:                    165
Ratification Number:            10
Act Number:                     3
Primary Sponsor:                Pope
Type of Legislation:            GB
Subject:                        Corporation, dissolution of
Date Bill Passed both Bodies:   Mar 05, 1991
Computer Document Number:       OLDVS/LIBX/2315
Governor's Action:              S
Date of Governor's Action:      Mar 15, 1991
Introduced Date:                Jan 08, 1991
Date of Last Amendment:         Feb 06, 1991
Last History Body:              ------
Last History Date:              Mar 15, 1991
Last History Type:              Act No. 3
Scope of Legislation:           Statewide
All Sponsors:                   Pope
Type of Legislation:            General Bill

History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 165   ------  Mar 15, 1991  Act No. 3
 165   ------  Mar 15, 1991  Signed by Governor
 165   ------  Mar 12, 1991  Ratified R 10
 165   House   Mar 05, 1991  Read third time, enrolled for
                             ratification
 165   House   Feb 28, 1991  Read second time
 165   House   Feb 27, 1991  Committee Report: Favorable     26
 165   House   Feb 07, 1991  Introduced, read first time,    26
                             referred to Committee
 165   Senate  Feb 06, 1991  Amended, read third time,
                             sent to House
 165   Senate  Jan 30, 1991  Read second time, notice of
                             general amendments
 165   Senate  Jan 29, 1991  Committee Report: Favorable     11
 165   Senate  Jan 08, 1991  Introduced and read first       11
                             time, referred to Committee
 165   Senate  Sep 17, 1990  Prefiled, referred to           11
                             Committee

View additional legislative information at the LPITS web site.


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

(A3, R10, S165)

AN ACT TO AMEND SECTION 33-14-220, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REINSTATEMENT OF A CORPORATION FOLLOWING ADMINISTRATIVE DISSOLUTION, SO AS TO PROVIDE THAT A CORPORATION MAY APPLY TO THE SECRETARY OF STATE FOR REINSTATEMENT AT ANY TIME AFTER THE EFFECTIVE DATE OF DISSOLUTION, RATHER THAN "WITHIN TWO YEARS" AFTER THE EFFECTIVE DATE OF DISSOLUTION; TO PROVIDE THAT THIS CHANGE IS APPLICABLE TO ALL CORPORATIONS IN A STATE OF DISSOLUTION AT THE TIME THIS ACT BECOMES EFFECTIVE REGARDLESS OF THE EFFECTIVE DATE OF DISSOLUTION; AND TO AMEND SECTION 33-4-102, RELATING TO RESERVING A CORPORATE NAME, SO AS TO PROVIDE THAT THE NAME OF A CORPORATION ADMINISTRATIVELY DISSOLVED IS NOT SUBJECT TO RESERVATION FOR A PERIOD OF TWO YEARS FROM THE DATE THE SECRETARY OF STATE SENDS A COPY OF THE CERTIFICATE OF DISSOLUTION TO THE CORPORATION.

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

Reinstatement; time changed for

SECTION 1. Section 33-14-220(a) of the 1976 Code, as amended by Act 659 of 1988, is amended to read:

"(a) A corporation dissolved administratively under Section 33-14-210 may apply to the Secretary of State for reinstatement at any time after the effective date of dissolution. The application must:

(1) recite the name of the corporation and the effective date of its administrative dissolution;

(2) state that the grounds for dissolution either did not exist or have been eliminated;

(3) state that the corporation's name satisfies the requirements of Section 33-4-101; and

(4) contain a certificate from the South Carolina Tax Commission reciting that all taxes owed by the corporation have been paid."

Applicability

SECTION 2. The amendment to Section 33-14-220(a) of the 1976 Code, as contained in Section 1 of this act, is applicable to all corporations in a state of dissolution at the time this act becomes effective regardless of the effective dates of their dissolution.

Corporate name; reservation; limits on

SECTION 3. Section 33-4-102 of the 1976 Code is amended by adding:

"(c) The name of a corporation administratively dissolved under Section 33-14-210 is not subject to reservation for a period of two years from the date the Secretary of State sends a copy of the certificate of dissolution to the corporation as provided by Section 33-14-210(b)."

Time effective

SECTION 4. This act takes effect upon approval by the Governor.

Approved the 15th day of March, 1991.