Fictitious increase of stock or indebtedness shall be void.

S.C. Code Ann. § 58-15-240
in effect
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Neither stocks nor bonds shall be issued by any corporation organized under this chapter except for money paid, property delivered or labor done and all fictitious increase of stock or indebtedness shall be void.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t58c015.phpFetched: 10/17/2026

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