South Carolina Statutes
§ 38-17-40 — Maximum liability of subscribers.
South Carolina § 38-17-40
This text of South Carolina § 38-17-40 (Maximum liability of subscribers.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 38-17-40 (2026).
Text
The maximum liability of any subscriber for losses and expenses must be fixed and determined by the power of attorney.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-17-40 [1962 Code SECTION 37-563; 1972 (57) 2776] recodified as SECTION 38-29-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-45-40 [1947 (45) 322; 1952 Code SECTION 37-804; 1962 Code SECTION 37-804; 1964 (53) 2054] recodified as SECTION 38-17-40 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-17-100
Maintenance of assets and guaranty fund.§ 38-17-130
Exchanges may sue and be sued.§ 38-17-140
Exchanges subject to examinations.§ 38-17-150
Annual report of business.§ 38-17-160
Fees, taxes, and bond of attorney.§ 38-17-40
Maximum liability of subscribers.§ 38-17-50
Deposit of securities.§ 38-17-70
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Bluebook (online)
South Carolina § 38-17-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/17/38-17-40.