Other powers of directors.

S.C. Code Ann. § 34-3-240
in effect
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The directors may: (1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties; (2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and (3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c003.phpFetched: 10/17/2026

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