What’s Next for the S.C. Heritage Act?
On May 18, 2000, the S.C. Heritage Act was signed into law. The Act states that no monuments or memorials erected on public property of the state from certain historical wars be relocated, removed, disturbed or altered. Further, any street, bridge, structure, park, preserve, reserve, or other public area of the state dedicated in memory …
Oppression of Shareholders, Good Faith & Duty of Loyalty
Limited liability companies (LLCs), corporations, and limited partnerships generally must look to a state’s business organization statutes for answers when disputes arise amongst shareholders or members. South Carolina is no different. South Carolina’s business organization statutes–found in Title 33 of the South Carolina Code–provide remedies for oppressed shareholders, partners, or members of an LLC. Those …