S.C. Code Ann. § 33-31-852: Mandatory indemnification.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 31 South Carolina Nonprofit Corporation Act
- ARTICLE 8 Directors and Officers
- Subarticle E 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.
Collected 2026-09-02T07:03:59Z. Source file · JSON