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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 33-31-852: Mandatory indemnification.

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Where this section sits in the code
  1. Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 31 South Carolina Nonprofit Corporation Act
  3. ARTICLE 8 Directors and Officers
  4. 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

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