Overview

STATE BUDGET
South Carolina operates on a yearly budget cycle. South Carolina’s fiscal year begins on July 1 and ends on June 30 in the following year. Between September and October, agencies submit their budget requests to the governor. Budget hearings are held with state agencies in October. In January, the governor submits a proposed budget to the state legislature. The legislature adopts a budget in May. The passed budget is required to be balanced.
STATE LEGISLATURE
The state’s Legislature is comprised of 46 Senators, elected to four year terms, and 124 members of the House of Representatives, who serve two year terms. The General Assembly is in session each year from the second Tuesday in January until the second Thursday in May; however, the session can be extended under specific circumstances. Bills carry over from odd to even years.
KEY RESOURCES
- South Carolina General Assembly
- Office of the South Carolina Attorney General
- South Carolina Governor
- Information on Healthcare Policy in South Carolina
2025 LEGISLATIVE SUMMARY
South Carolina considered several bills that will roll over into 2026. H3302 prohibits insurers and healthcare providers from engaging in surprise billing. H4562 would exclude healthcare providers with 80% approval rates from prior authorization, implement more fair prior authorization medication processes, prohibit prior authorization for chronic conditions, and create continuity of care requirements. S0046 would prohibit certain contractual provisions that would interfere with physician-patient relationships or that would allow for the corporate practice of medicine.
South Carolina Laws
S.C. Code Ann. § 33-11-101. Merger: Merger and Share Exchange – South Carolina
Introduced: Status: Enacted
Describes which entities may merge and conditions to merge.
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S.C. Code Ann. § 33-11-102. Share Exchange: Merger and Share Exchange – South Carolina
Introduced: Status: Enacted
A corporation may acquire all of the outstanding shares of one or more classes or series of another corporation if the board of directors of each corporation adopts and its shareholders, if required by Section […]
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S.C. Code Ann. § 33-11-103. Action of Plan: Merger and Share Exchange – South Carolina
Introduced: Status: Enacted
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 […]
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S.C. Code Ann. § 33-11-104. Merger of Subsidiary: Merger and Share Exchange – South Carolina
Introduced: Status: Enacted
A parent corporation owning at least ninety percent of the outstanding shares of each class of a subsidiary corporation may merge the subsidiary into itself without approval of the shareholders of the parent or subsidiary.
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S.C. Code Ann. § 33-11-106. Effect of merger or share exchange: Merger and Share Exchange – South Carolina
Introduced: Status: Enacted
When a merger takes effect every other corporation party to the merger merges into the surviving entity and the separate existence of every corporation except the surviving entity ceases
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