SCBCA definition

SCBCA means the South Carolina Business Corporation Act of 1988.
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SCBCA means the South Carolina Business Corporation Act of 1988, as amended.
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SCBCA means the South Carolina Business Corporation Act.
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Examples of SCBCA in a sentence

  • The SCBCA also empowers a corporation to provide insurance for directors and officers against liability arising out of their positions even though the insurance coverage is broader than the power of the corporation to indemnify.

  • Under the SCBCA, unless limited by its articles of incorporation, a corporation must indemnify a director or officer who is wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he is or was a director or officer against reasonable expenses incurred by him in connection with the proceeding.

  • As soon as practicable on the Closing Date, the Company and Parent will cause the Merger to become effective by filing the articles of merger (the “Articles of Merger”) with the Secretary of State of the State of South Carolina, which Articles of Merger will be executed and filed in accordance with the applicable provisions of the SCBCA.

  • This Agreement will constitute a “plan of merger” for purposes of the SCBCA.

  • Under the South Carolina Business Corporation Act of 1988 (the “SCBCA”), a corporation has the power to indemnify directors and officers who meet the standards of good faith and reasonable belief that conduct was lawful and in the corporate interest (or not opposed thereto) as set forth in the SCBCA.

  • In accordance with Section 33-13-102(B) of the SCBCA, no holder of Company Shares shall be entitled to exercise dissenters’ rights, appraisal rights or other similar rights in connection with the Merger and the other transactions contemplated by this Agreement.

  • The Merger shall have the effects set forth in this Agreement and in the applicable provisions of the SCBCA.

  • The provisions of the SCBCA which deal with indemnification are codified at Sections 33-8-500 through -580 of the Code of Laws of South Carolina 1976, amended.

  • Category Certificate i.e. SC/BCA/ BCB/ ESM/ FF/PH, if applicable.

  • The SCBCA provides that where a director is a defendant in a proceeding by or in the right of the corporation, the director may not be indemnified if he or she is adjudged liable to the corporation.


More Definitions of SCBCA

SCBCA shall have the meaning as set forth in Section 1.1 of this Agreement.
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SCBCA has the meaning ascribed to it in Section 1.01.
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SCBCA means the South Carolina Business Corporation Act of 1988, S.C. Code Ann. § 33-1-101 et seq. “SCBFI” means the South Carolina Board of Financial Institutions.
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Related to SCBCA

  • CBCA means the Canada Business Corporations Act.

  • ABCA means the Business Corporations Act (Alberta), R.S.A. 2000, c. B-9, as amended, including the regulations promulgated thereunder;

  • MBCA means the Minnesota Business Corporation Act.

  • OBCA means the Business Corporations Act (Ontario).

  • FBCA means the Florida Business Corporation Act.

  • TBCA means the Texas Business Corporation Act.

  • BCBCA means the Business Corporations Act (British Columbia);

  • GBCC means the Georgia Business Corporation Code.

  • CGCL means the California General Corporation Law.

  • PBCL means the Pennsylvania Business Corporation Law of 1988, as amended.

  • NYBCL means the New York Business Corporation Law.

  • Articles of Arrangement means the articles of arrangement of the Company in respect of the Arrangement required by the OBCA to be sent to the Director after the Final Order is made, which shall include the Plan of Arrangement and otherwise be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

  • DLLCA means the Delaware Limited Liability Company Act.

  • BCA shall have the meaning given in the Recitals hereto.

  • TBOC means the Texas Business Organizations Code.

  • Delaware Law means the General Corporation Law of the State of Delaware.

  • Certificate of Arrangement means the certificate of arrangement to be issued by the Director pursuant to subsection 192(7) of the CBCA in respect of the Articles of Arrangement.

  • Articles of Merger has the meaning set forth in Section 2.2.

  • Articles of Amalgamation means the articles of amalgamation giving effect to the Amalgamation required under the OBCA to be filed with the Director;

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Companies Act means the Companies Act, 71 of 2008;

  • Corporations Act means the Corporations Act 2001 (Cth).

  • Company Merger shall have the meaning given in the Recitals.

  • Delaware LP Act means the Delaware Revised Uniform Limited Partnership Act.

  • DGCL means the Delaware General Corporation Law.