Indemnification of expenses of successful director's defense or proceeding.

S.C. Code Ann. § 33-46-530
in effect
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Unless limited by its articles of incorporation, a telephone cooperative shall indemnify a director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which he was a party because he is or was a director of the cooperative against reasonable expenses incurred by him in connection with the proceeding.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t33c046.phpFetched: 10/17/2026

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S.C. Code Ann. § 33-46-530 — Indemnification of expenses of successful director's defense or proceeding | Code of Laws of South Carolina (Aug. 2026 snapshot) | Corpus