Current StatusView additional legislative information at the LPITS web site.Bill Number: 240 Ratification Number: 413 Act Number 364 Introducing Body: Senate Subject: Relating to the payment of charter fees by corporations
(A364, R413, S240)
AN ACT TO AMEND SECTION 33-31-50, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE PAYMENT OF CHARTER FEES BY CORPORATIONS, SO AS TO PROVIDE THAT CHURCHES, RELIGIOUS ORGANIZATIONS, SOCIETIES OR INSTITUTIONS AND VOLUNTEER FIRE DEPARTMENTS SHALL PAY A FEE OF THREE DOLLARS INSTEAD OF NO FEE.
Be it enacted by the General Assembly of the State of South Carolina:
Fee
Section 1. Section 33-31-50 of the 1976 Code is amended by striking beginning on line seven", are exempt from the payment of the fee required by this section" and inserting "shall pay a charter fee of three dollars". The section when amended shall read:
"Section 33-31-50. Upon the filing of the above declaration and the payment of a charter fee of fifteen dollars the Secretary of State shall issue to the proposed corporation a certificate of incorporation for the term that may be fixed in the declaration or, in the absence of such limitation, in perpetuity. Provided, that churches, religious organizations, religious societies, religious institutions and volunteer fire departments shall pay a charter fee of three dollars."
Time effective
Section 2. This act shall take effect upon approval by the Governor.