{"data":{"id":"us-sc/s.c.-code-ann.-33-37-640","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-37-640","heading":"Liability for losses.","body":"Directors and officers are not responsible for losses unless the losses have been occasioned by the wilful misconduct of those directors and officers.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 37 Business Development Corporations","ARTICLE 7 Directors and Officers"],"source_url":"https://www.scstatehouse.gov/code/t33c037.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:09Z","sha256":"dfbaa1afc1a9414d3d56097779a15ce384a8d3f95733bc3224e933f2ec96b109","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-37-630","next":"us-sc/s.c.-code-ann.-33-37-910"},"notice":"GroundRules: Original legal text. Not legal advice."}