Directors and officers are not responsible for losses unless the losses have been occasioned by the wilful misconduct of those directors and officers. Effect of Amendment 2015 Act No. 60, SECTION 1, substituted "are not responsible" for "shall not be responsible" and "those directors" for "such directors". Application of General Corporation Law
‹ Prev All South Carolina sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.