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2021 South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 36 - Corporations Not-for-profit Financed By Federal Or State Loans
Section 33-36-460. Private property of members exempted from liability for debt of corporation.
Universal Citation: SC Code § 33-36-460 (2021)
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.
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