S.C. Code § 33-36-630

Current through 2024 Act No. 225.

Section 33-36-630 - Indemnification of board members who become parties to proceedings

Unless limited by its articles of incorporation, a corporation not-for-profit must indemnify against reasonable expenses incurred by a board member who is successful on the merits or otherwise in the defense of a proceeding to which he is a party because of his board membership.

S.C. Code § 33-36-630

2000 Act No. 404, Section 2.