Railroads may issue no par common stock.

S.C. Code Ann. § 58-15-150
in effect
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A railroad corporation may issue common stock in shares having no par value on stating in its declaration and petition the number of such shares to be issued in lieu of the par value thereof and the minimum and maximum amount thereof.
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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