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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 34-26-620: Prohibition against compensation for services; accident insurance; expenses.

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Where this section sits in the code
  1. Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
  2. CHAPTER 26 South Carolina Credit Union Act
  3. ARTICLE 6 Direction of Affairs

No officer, director, or committee member, other than an employee, may be compensated for services. However, providing reasonable accident insurance protection while on credit union business shall not be considered compensation. Directors, officers, and committee members may be reimbursed for expenses incidental to the performance of official business of the credit union.

Collected 2026-09-02T07:06:24Z. Source file · JSON

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