GroundRules
S.C. Code Ann. § 51-15-530: Municipal stockholder not liable for debts or acts of corporation.
Where this section sits in the code
- Title 51 - PARKS, RECREATION, AND TOURISM
- CHAPTER 15 Municipal Parks and Recreational Facilities
- ARTICLE 5 Municipalities of Over 50,000
No city or municipality creating such a corporation or owning the stock therein shall be liable for any act of such corporation or for the debts or obligations thereof, nor shall such city or municipality be liable for any act of any officer or director of any such corporation or any of them or of any agent thereof.
Collected 2026-09-02T07:49:09Z. Source file · JSON