South Carolina Code 33-47-670. Stockholder’s liability
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Terms Used In South Carolina Code 33-47-670
- association: means any corporation organized under this chapter. See South Carolina Code 33-47-20
Except for debts lawfully contracted between him and the association no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.