Liability of members.

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. Electric Cooperatives
  5. Liability of members.

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The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative.

HISTORY: 1962 Code Section 12-1038; 1952 Code Section 12-1038; 1942 Code Section 8555-112; 1939 (41) 240.


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