South Carolina Statutes
§ 33-47-670 — Stockholder's liability.
South Carolina·Title 33 CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS·Ch. 47 MARKETING COOPERATIVE ASSOCIATIONS
Except for debts lawfully contracted between him and the association no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.
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South Carolina § 33-47-670 (Stockholder's liability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-947; 1952 Code SECTION 12-947; 1942 Code SECTION 6512; 1932 Code SECTION 6512; Civ. C. '22 SECTION 3416; 1921 (32) 339; 1935 (39) 205. ARTICLE 9 Bylaws and Meetings
Nearby Sections
15
§ 33-47-10
Short title.§ 33-47-110
Annual reports.§ 33-47-1110
Contracts for marketing products.§ 33-47-1120
Damages for breach.§ 33-47-1130
Injunction and specific performance.§ 33-47-1140
Contracts entered into with other associations.§ 33-47-20
Definitions.§ 33-47-210
Articles of incorporation.§ 33-47-230
Powers of association.§ 33-47-240
Amendment of articles of incorporation.