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2018 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
CHAPTER 39 - COUNTY BUSINESS DEVELOPMENT CORPORATIONS
Section 33-39-640. Liability for losses.
Universal Citation: SC Code § 33-39-640 (2018)
Directors and officers shall not be responsible for losses unless the losses shall have been occasioned by the wilful misconduct of such directors and officers.
HISTORY: 1962 Code Section 12-1264; 1960 (51) 1907.
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