S.C. Code § 33-18-250

Current through 2024 Act No. 120.
Section 33-18-250 - Limited liability

The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.

S.C. Code § 33-18-250

1988 Act No. 444, Section 2.