{"data":{"id":"us-sc/s.c.-code-ann.-33-18-250","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-18-250","heading":"Limited liability.","body":"The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 18 Statutory Close Corporation Supplement","ARTICLE 3 Governance"],"source_url":"https://www.scstatehouse.gov/code/t33c018.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:03:39Z","sha256":"1121fe47a75ce722e765af8cb6f5778a60f7ff7938a8ee10ed4d5048819506fc","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-18-240","next":"us-sc/s.c.-code-ann.-33-18-300"},"notice":"GroundRules: Original legal text. Not legal advice."}