South Carolina Statutes
§ 33-39-640 — Liability for losses.
South Carolina § 33-39-640
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 39COUNTY BUSINESS DEVELOPMENT CORPORATIONS
This text of South Carolina § 33-39-640 (Liability for losses.) 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. § 33-39-640 (2026).
Text
Directors and officers shall not be responsible for losses unless the losses shall have been occasioned by the wilful misconduct of such directors and officers.
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Legislative History
HISTORY: 1962 Code SECTION 12-1264; 1960 (51) 1907.
Nearby Sections
15
§ 33-39-10
Definitions.§ 33-39-20
Deposit of funds.§ 33-39-210
Filing declaration of charter; contents.§ 33-39-240
Calling first meeting; organization; quorum.§ 33-39-250
Powers.§ 33-39-260
Amendment of charter.§ 33-39-30
Corporation shall not accept deposits.§ 33-39-420
Application for membership.§ 33-39-430
Duration of membership; withdrawal.§ 33-39-440
Powers of stockholders and members.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-39-640, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/39/33-39-640.