Prohibited distributions.

S.C. Code Ann. § 33-31-1301
in effect
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Except as authorized by Section 33-31-1302, a corporation may not make any distributions.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c031.phpFetched: 10/17/2026

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