Directors and officers are not responsible for losses unless the losses have been occasioned by the wilful misconduct of those directors and officers.
S.C. Code Ann. § 33-37-640
Liability for losses
1962 Code SECTION 12-1164; 1958 (50) 1886; 2015 Act No. 60 (S.389), SECTION 1, eff June 4, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.