Section 33-36-460. Private property of members exempted from liability for debt of corporation.

SC Code § 33-36-460 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

The private property of the members of a corporation not-for-profit is exempt from execution for the debts of the corporation, and a member is not liable or responsible for debts of the corporation.

HISTORY: 2000 Act No. 404, Section 2.