S.C. Code § 51-15-530

Current through 2024 Act No. 225.
Section 51-15-530 - Municipal stockholder not liable for debts or acts of corporation

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.

S.C. Code § 51-15-530

1933 (38) 295; 1942 Code Section 7553; 1952 Code Section 51-173; 1962 Code Section 51-173.