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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
March 30, 2005
H. 3196
S. Printed 3/30/05--H.
Read the first time January 11, 2005.
To whom was referred a Bill (H. 3196) to amend Section 33-31-708, as amended, Code of Laws of South Carolina, 1976, relating to an action taken by ballot of a nonprofit corporation, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
JAMES H. HARRISON for Committee.
TO AMEND SECTION 33-31-708, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO AN ACTION TAKEN BY BALLOT OF A NONPROFIT CORPORATION, SO AS TO AUTHORIZE THE USE OF AN ELECTRONIC BALLOT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 33-31-708(c) of the 1976 Code, as last amended by Act 384 of 1994, is further amended to read:
"(c) Approval by written or electronic ballot pursuant to this section is valid only when the number of votes cast by ballot equals or exceeds the quorum required to be present at a meeting authorizing the action, and the number of approvals equals or exceeds the number of votes that would be required to approve the matter at a meeting at which the total number of votes cast was the same as the number of votes cast by ballot."
SECTION 2. This act takes effect upon approval by the Governor.
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