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2017 South Carolina Code of Laws
Title 51 - Parks, Recreation and Tourism
CHAPTER 15 - MUNICIPAL PARKS, RECREATIONAL FACILITIES AND THE LIKE
Section 51-15-530. Municipal stockholder not liable for debts or acts of corporation.
Universal Citation: SC Code § 51-15-530 (2017)
No city or municipality creating such a corporation or owning the stock therein shall be liable for any act of such corporation or for the debts or obligations thereof, nor shall such city or municipality be liable for any act of any officer or director of any such corporation or any of them or of any agent thereof.
HISTORY: 1962 Code Section 51-173; 1952 Code Section 51-173; 1942 Code Section 7553; 1933 (38) 295.
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