South Carolina Statutes
§ 33-46-530 — Indemnification of expenses of successful director's defense or proceeding.
South Carolina § 33-46-530
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 46TELEPHONE COOPERATIVE ACT
This text of South Carolina § 33-46-530 (Indemnification of expenses of successful director's defense or proceeding.) 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. § 33-46-530 (2026).
Text
Unless limited by its articles of incorporation, a telephone cooperative shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he is or was a director of the cooperative against reasonable expenses incurred by him in connection with the proceeding.
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Legislative History
HISTORY: 1994 Act No. 392, SECTION 1.
Nearby Sections
15
§ 33-46-10
Short title.§ 33-46-100
Rights, privileges, and responsibilities.§ 33-46-20
Definitions.§ 33-46-210
Purpose.§ 33-46-220
Organization.§ 33-46-230
Articles of incorporation.§ 33-46-240
Naming of telephone cooperative.§ 33-46-30
Notice of meeting; waiver.§ 33-46-300
Powers of telephone cooperatives.§ 33-46-330
Sale of assets; procedures.§ 33-46-400
Membership of telephone cooperative.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-46-530, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/46/33-46-530.