The members of the credit union shall not be personally or individually liable for the payment of the credit union's debts solely by virtue of holding membership.
S.C. Code Ann. § 34-26-550
Member liability for credit union debt
1996 Act No. 371, SECTION 1, eff May 29, 1996.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.