South Carolina Statutes
§ 39-61-50 — Suits by aggrieved members; aggregate liability.
If any member is defrauded or aggrieved by any misconduct, wrongful act, misrepresentation, or failure of the club to render its services or fulfill its contractual obligations, the member may bring suit on the security in his own name, but the aggregate liability of the surety for all suits may, in no event, exceed the amount of the bond.
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South Carolina § 39-61-50 (Suits by aggrieved members; aggregate liability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 155, SECTION 6, eff January 1, 1988.
Nearby Sections
15
§ 39-61-10
Short title.§ 39-61-110
Requirements of service contracts.§ 39-61-140
Restrictions on advertising.§ 39-61-160
Authority of administrator.§ 39-61-170
Violations; penalties.§ 39-61-190
Incidental services.§ 39-61-20
Definitions.§ 39-61-200
Attorney's fees.§ 39-61-30
Deposit of cash, securities, or bonds.§ 39-61-40
Security; required assurances.