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The provisions provided in the form may be amended with the majority approval of shareholders and/or the board of directors (as relayed in the bylaws document).
Bylaws required? Yes (§ 33-2-106)
South Carolina corporate bylaws are created during the inception of a corporation to lay out internal company rules and regulations. The document details how meetings should be organized, which board members are needed to execute essential documents, and how board members are nominated.
South Carolina corporate bylaws are created during the inception of a corporation to lay out internal company rules and regulations. The document details how meetings should be organized, which board members are needed to execute essential documents, and how board members are nominated.
The provisions provided in the form may be amended with the majority approval of shareholders and/or the board of directors (as relayed in the bylaws document).