S.C. Code Ann. § 33-46-530: Indemnification of expenses of successful director's defense or proceeding.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 46 Telephone Cooperative Act
- ARTICLE 5 Directors
Unless limited by its articles of incorporation, a telephone cooperative shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he is or was a director of the cooperative against reasonable expenses incurred by him in connection with the proceeding.
Collected 2026-09-02T07:04:44Z. Source file · JSON