South Carolina Statutes
§ 33-49-470 — Liability of members.
The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative.
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South Carolina § 33-49-470 (Liability of members.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 12-1038; 1952 Code SECTION 12-1038; 1942 Code SECTION 8555-112; 1939 (41) 240. ARTICLE 7 Trustees, Officers and Employees
Nearby Sections
15
§ 33-49-10
Short title.§ 33-49-100
Fees.§ 33-49-1010
Dissolution before commencing business.§ 33-49-1020
Dissolution after commencing business.§ 33-49-1030
Action of board and members.§ 33-49-1040
Certificate of dissolution and affidavit.§ 33-49-1060
Notice of winding up.§ 33-49-1070
Power of board of trustees to wind up affairs.§ 33-49-1080
Articles of dissolution.§ 33-49-110
All papers shall be filed in quadruplicate.§ 33-49-1220
Articles of conversion.§ 33-49-1230
Approval at membership meeting.