S.C. Code Ann. § 33-11-103. Action of Plan: Merger and Share Exchange – South Carolina
Status: EnactedYear Enacted: 1988
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After adopting a plan of merger or share exchange, the board of directors of each corporation party to the merger, and the board of directors of the corporation whose shares are to be acquired in the share exchange, shall submit the plan of merger (except as provided in subsection (h)) or share exchange for approval by its shareholders.
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