S.C. Code § 33-31-852

Current through 2024 Act No. 209.
Section 33-31-852 - Mandatory indemnification

Unless limited by its articles of incorporation, a corporation shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of a proceeding to which the director was a party because he is or was a director of the corporation against reasonable expenses actually incurred by the director in connection with the proceeding.

S.C. Code § 33-31-852

1994 Act No. 384, Section 1.