{"data":{"id":"us-sc/s.c.-code-ann.-33-44-403","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-44-403","heading":"Member's and manager's rights to payments and reimbursement.","body":"(a) A limited liability company shall reimburse a member or manager for payments made and indemnify a member or manager for liabilities incurred by the member or manager in the ordinary course of the business of the company or for the preservation of its business or property.\n(b) A limited liability company shall reimburse a member for an advance to the company beyond the amount of contribution the member agreed to make.\n(c) A payment or advance made by a member which gives rise to an obligation of a limited liability company under subsection (a) or (b) constitutes a loan to the company upon which interest accrues from the date of the payment or advance.\n(d) A member is not entitled to remuneration for services performed for a limited liability company, except for reasonable compensation for services rendered in winding up the business of the company.","path":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 44 Uniform Limited Liability Company Act of 1996","ARTICLE 4 Relations Of Members To Each Other And To Limited Liability Company"],"source_url":"https://www.scstatehouse.gov/code/t33c044.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:04:34Z","sha256":"a95cba62b99c6d177f2af5fa86fa524fcb09e1386bb43a7df1d989107dedcda0","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-44-402","next":"us-sc/s.c.-code-ann.-33-44-404"},"notice":"GroundRules: Original legal text. Not legal advice."}