South Carolina Code of Laws
Chapter 36 - Corporations Not-for-profit Financed By Federal Or State Loans
Section 33-36-460. Private property of members exempted from liability for debt of corporation.

The private property of the members of a corporation not-for-profit is exempt from execution for the debts of the corporation, and a member is not liable or responsible for debts of the corporation.
HISTORY: 2000 Act No. 404, Section 2.

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 33 - Corporations, Partnerships and Associations

Chapter 36 - Corporations Not-for-profit Financed By Federal Or State Loans

Section 33-36-10. "Corporation not-for-profit" defined.

Section 33-36-20. Issuance of stock; compensation of members and officers; disposition of assets upon dissolution.

Section 33-36-210. Articles of incorporation.

Section 33-36-220. When corporation constituted.

Section 33-36-230. Fees.

Section 33-36-240. Amendment of charter and articles of incorporation.

Section 33-36-250. Conformance to provisions of Sections 33-36-10 and 33-36-20.

Section 33-36-260. Powers.

Section 33-36-270. Additional powers.

Section 33-36-280. Nonprofit corporations providing water supply or sewage disposal; exemption from rate regulation.

Section 33-36-290. Effect of irregularity in complying with provisions of chapter.

Section 33-36-300. Amendment of bylaws; emergency bylaws.

Section 33-36-410. Use of services provided as condition of membership.

Section 33-36-420. Annual meetings.

Section 33-36-430. Quorum.

Section 33-36-440. Voting.

Section 33-36-450. Member petitions.

Section 33-36-460. Private property of members exempted from liability for debt of corporation.

Section 33-36-610. Governing board; powers; membership.

Section 33-36-620. Quorum.

Section 33-36-630. Indemnification of board members who become parties to proceedings.

Section 33-36-640. Standards for board members.

Section 33-36-650. Election of board members; district representation; terms.

Section 33-36-660. Immunity.

Section 33-36-670. Officers.

Section 33-36-810. Sale of assets.

Section 33-36-820. Consolidation.

Section 33-36-830. Merger.

Section 33-36-840. Effect of consolidation or merger.

Section 33-36-1010. Voluntary dissolution of corporation-not-for profit which has not commenced business.

Section 33-36-1020. Voluntary dissolution of corporation not-for-profit which has commenced business.

Section 33-36-1030. Certificate of election to dissolve; affidavit of compliance.

Section 33-36-1040. Submission of certificate of dissolution and affidavit to Secretary of State.

Section 33-36-1050. Winding up and settling affairs.

Section 33-36-1060. Notice of winding up proceedings.

Section 33-36-1070. Articles of dissolution.

Section 33-36-1210. Corporations organized under Chapter 35 of Title 33.

Section 33-36-1310. Election procedures for nonprofit corporation providing water and sewer services to become a public service district.

Section 33-36-1315. Resolution to become public service district; notice; petition; vote.

Section 33-36-1320. Petition for charter.

Section 33-36-1330. Appointment or election of board members.

Section 33-36-1340. Election of commissioners.

Section 33-36-1350. Election of officers by the board.

Section 33-36-1360. Rights and powers of district.

Section 33-36-1370. District to assume all assets, properties and liabilities of antecedent nonprofit corporation.