The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative.
S.C. Code Ann. § 33-49-470
Liability of members
Known as the Electric Cooperative Act
The act spans §§ 33–33 (70 sections).
1962 Code SECTION 12-1038; 1952 Code SECTION 12-1038; 1942 Code SECTION 8555-112; 1939 (41) 240.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.