S.C. Code § 33-47-670

Current through 2024 Act No. 225.

Section 33-47-670 - Stockholder's liability

Except for debts lawfully contracted between him and the association no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.

S.C. Code § 33-47-670

1935 (39) 205; 1921 (32) 339; Civ. C. '22 Section 3416; 1932 Code Section 6512; 1942 Code Section 6512; 1952 Code Section 12-947; 1962 Code Section 12-947.