Preferred stock.

S.C. Code Ann. § 33-47-620
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Any association organized with stock under this chapter may issue preferred stock, with or without the right to vote. Such stock may be redeemable or retirable by the association on such term and conditions as may be provided for by the articles of incorporation and printed on the face of the certificate.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c047.phpFetched: 10/17/2026