S.C. Code § 33-45-110

Current through 2024 Act No. 225.
Section 33-45-110 - Management of affairs of corporation; removal of directors or officers

This board of directors shall manage the affairs of the association for such term of office as the bylaws may prescribe and until their successors shall have been elected and shall have qualified and entered upon the discharge of their duties. But a majority of the stockholders at a meeting legally called according to the bylaws of the association may remove any director or officer for cause and fill the vacancy and thereupon the director or officer so removed shall cease to be a director or officer of the association.

S.C. Code § 33-45-110

1938 (40) 1665; 1915 (29) 235; Civ. C. '22 Section 4336; 1932 Code Section 8142; 1942 Code Section 8142; 1952 Code Section 12-811; 1962 Code Section 12-811.