S.C. Code Ann. § 33-36-630: Indemnification of board members who become parties to proceedings.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 36 Corporations Not-for-Profit Financed by Federal or State Loans
- ARTICLE 4 Governing Board
Unless limited by its articles of incorporation, a corporation not-for-profit must indemnify against reasonable expenses incurred by a board member who is successful on the merits or otherwise in the defense of a proceeding to which he is a party because of his board membership.
Collected 2026-09-02T07:04:04Z. Source file · JSON