South Carolina Statutes
§ 51-15-530 — Municipal stockholder not liable for debts or acts of corporation.
South Carolina·Title 51 PARKS, RECREATION, AND TOURISM·Ch. 15 MUNICIPAL PARKS AND RECREATIONAL FACILITIES
No city or municipality creating such a corporation or owning the stock therein shall be liable for any act of such corporation or for the debts or obligations thereof, nor shall such city or municipality be liable for any act of any officer or director of any such corporation or any of them or of any agent thereof.
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South Carolina § 51-15-530 (Municipal stockholder not liable for debts or acts of corporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 51-173; 1952 Code SECTION 51-173; 1942 Code SECTION 7553; 1933 (38) 295.
Nearby Sections
15
§ 51-15-10
Golf courses.§ 51-15-110
Definitions.§ 51-15-120
Application of article.§ 51-15-150
Authority to acquire real property.§ 51-15-160
Park and recreation board.§ 51-15-190
Vacancies.§ 51-15-200
Removal from office.§ 51-15-210
Powers and duties.§ 51-15-220
Additional powers.§ 51-15-230
Gifts and loans.