S.C. Code § 12-37-2270

Current through 2024 Act No. 209.
Section 12-37-2270 - Failure to pay tax works a forfeiture

Whenever any corporation chartered under the laws of this State shall refuse, neglect or omit to pay the taxes for State and county purposes, as assessed and levied upon the property of such corporation, within thirty days after the time required and permitted by law for taxes to be paid with or without penalty, as required by law, the charter of such corporation, with all the rights, privileges and franchises thereunder, shall become and be deemed forfeited and the corporate existence of such corporation shall be annulled.

In every such case the Attorney General shall bring an action against such corporation for the purpose of vacating the charter or annulling the existence of such corporation in the manner prescribed by law.

S.C. Code § 12-37-2270

1893 (21) 395; Civ. C. '02 Section 308; Civ. C. '12 Section 336; Civ. C. '22 Section 397; 1932 Code Section 2660; 1942 Code Section 2660; 1952 Code Section 65-1728; 1962 Code Section 65-1728.