Liability for losses.

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. County Business Development Corporations
  5. Liability for losses.

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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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