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35 chapters · 1,028 sections in this title.
S.C. Code Ann. § 33-8-530 Advance for expenses
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(a) A corporation may pay for or reimburse the reasonable expenses incurred by a director who is a party to a proceeding in advance of final disposition of the proceeding if: (1) the director furnishes the corporation a written affirmation of his good faith belief that he has met…
S.C. Code Ann. § 33-8-540 Court-ordered indemnification
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Unless a corporation's articles of incorporation provide otherwise, a director of the corporation who is a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. On receipt of an application, the c…
S.C. Code Ann. § 33-8-550 Determination and authorization of indemnification
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(a) A corporation may not indemnify a director under Section 33-8-510 unless authorized in the specific case after a determination has been made that indemnification of the director is permissible in the circumstances because he has met the standard of conduct set forth in Sectio…
S.C. Code Ann. § 33-8-560 Indemnification of officers, employees, and agents
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Unless a corporation's articles of incorporation provide otherwise: (1) an officer of the corporation who is not a director is entitled to mandatory indemnification under Section 33-8-520, and is entitled to apply for court-ordered indemnification under Section 33-8-540, in each …
