Current Status Bill Number:4353 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19980113 Primary Sponsor:Klauber All Sponsors:Klauber and Whipper Drafted Document Number:psd\7004mm.98 Residing Body:House Current Committee:Judiciary Committee 25 HJ Subject:Securities Act, Philanthropy Protection Act of 1995, opt-out provision included, Secretary of State
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19980113 Introduced, read first time, 25 HJ
referred to Committee
House 19971203 Prefiled, referred to Committee 25 HJ
View additional legislative information at the LPITS web site.
TO AMEND SECTION 35-1-180, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LAWS GOVERNING APPLICATION OF THE UNIFORM SECURITIES ACT, SO AS TO INCLUDE AN OPT-OUT PROVISION IN ACCORDANCE WITH THE PHILANTHROPY PROTECTION ACT OF 1995, PUBLIC LAW 104-62, AND MAKING IT EFFECTIVE DECEMBER 1, 1998.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 35-1-180 of the 1976 Code, as last amended by Act 134 of 1997, is further amended by adding:
"(7) In accordance with Section 6(c) of the Philanthropy Protection Act of 1995, Public Law 104-62, to the extent a provision of this chapter would be affected otherwise by that act, the provision may not be preempted by that act."
SECTION 2. This act takes effect December 1, 1998.