South Carolina Statutes
§ 33-18-250 — Limited liability.
South Carolina § 33-18-250
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 18STATUTORY CLOSE CORPORATION SUPPLEMENT
This text of South Carolina § 33-18-250 (Limited liability.) 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. § 33-18-250 (2026).
Text
The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.
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Legislative History
HISTORY: 1988 Act No. 444, SECTION 2. ARTICLE 4 Reorganization and Termination
Nearby Sections
15
§ 33-18-101
Short title.§ 33-18-110
Share transfer prohibition.§ 33-18-150
Exercise of compulsory purchase right.§ 33-18-160
Court action to compel purchase.§ 33-18-170
Court costs and other expenses.§ 33-18-200
Shareholder agreements.§ 33-18-210
Elimination of board of directors.§ 33-18-220
Bylaws.§ 33-18-230
Annual meeting.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-18-250, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/18/33-18-250.