South Carolina Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor

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US-CC-3-369
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This sample form, a detailed Amendment to Articles of Incorporation re: Paying Distributions Out of Any Funds Legally Available document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor
  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor
  • Preview Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor

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FAQ

Notices to the Attorney General. (a) A nonprofit organization shall give the Attorney General written notice that it intends to dissolve at or before the time it delivers articles of dissolution to the Secretary of State. The notice shall include a copy or summary of the plan of dissolution.

In South Carolina, you must have a minimum of three directors. Most nonprofits will have more depending on the size and structure of the organization. South Carolina also requires that board members be naturalized persons. There are no residency or membership requirements in the state.

Here's a quick overview of the main steps to dissolve and wind up a 501(c)(3) nonprofit corporation under South Carolina law. Authorizing Dissolution. ... Initial Notice to Attorney General. ... Articles of Dissolution. ... "Winding Up" ... Notice to Creditors and Other Claimants. ... Final Notice to Attorney General. ... Federal Tax Note.

Section 33-31-1402 - Dissolution by directors, members, and third persons. (3) in writing by any person whose approval is required by a provision of the articles authorized by Section 33-31-1030 for an amendment to the articles or bylaws.

(a) Unless prohibited or limited by the articles or bylaws, any action that may be taken at any annual, regular, or special meeting of members may be taken without a meeting if the corporation delivers a written or electronic ballot to every member entitled to vote on the matter.

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South Carolina Amendment to Articles of Incorporation regarding paying distributions out of any funds legally available therefor