Liability for losses.

S.C. Code Ann. § 33-37-640
in effect
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Directors and officers are not responsible for losses unless the losses have been occasioned by the wilful misconduct of those directors and officers. Effect of Amendment 2015 Act No. 60, SECTION 1, substituted "are not responsible" for "shall not be responsible" and "those directors" for "such directors".
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c037.phpFetched: 10/17/2026

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