S.C. Code Ann. § 33-39-640 – Liability for losses | Midpage
§ 33-39-640
S.C. Code Ann. § 33-39-640
Liability for losses
1962 Code Section 12-1264; 1960 (51) 1907.
Directors and officers shall not be responsible for losses unless the losses shall have been occasioned by the wilful misconduct of such directors and officers.