S.C. Code § 39-3-160

Current through 2024 Act No. 225.

Section 39-3-160 - Forfeiture of corporate franchise

Any corporation created or organized by or under the laws of this State which shall violate any of the provisions of this article shall forfeit its corporate rights and franchises and its corporate existence shall, upon the proper proof being made thereof in any court of competent jurisdiction in the State, be by the court declared forfeited, void and of none effect and shall thereupon cease and determine. The clerk of such court shall certify the decree thereof to the Secretary of State.

1902 (23) 1057; Civ. C. '12 Section 2454; Civ. C. '22 Section 3547; 1932 Code Section 6637; 1942 Code Section 6629; 1952 Code Section 66-66; 1962 Code Section 66-66.