South Carolina Statutes
§ 38-17-40 — Maximum liability of subscribers.
The maximum liability of any subscriber for losses and expenses must be fixed and determined by the power of attorney.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 38-17-40 (Maximum liability of subscribers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Annual certificate of authority.