South Carolina Statutes
§ 33-49-470 — Liability of members.
South Carolina § 33-49-470
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 49ELECTRIC COOPERATIVES
This text of South Carolina § 33-49-470 (Liability of members.) 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. § 33-49-470 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-49-470, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/49/33-49-470.