Municipal stockholder not liable for debts or acts of corporation.

S.C. Code Ann. § 51-15-530
in effect
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No city or municipality creating such a corporation or owning the stock therein shall be liable for any act of such corporation or for the debts or obligations thereof, nor shall such city or municipality be liable for any act of any officer or director of any such corporation or any of them or of any agent thereof.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t51c015.phpFetched: 10/17/2026

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