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S.C. Code § 33-8-520

Mandatory indemnification

South Carolina · South Carolina Code Title 33, Chapter 8 — Directors and Officers · Status: effective

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S.C. Code § 33-8-520, Mandatory indemnification, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576089
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Unless limited by its articles of incorporation, a corporation 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 corporation against reasonable expenses incurred by him in connection with the proceeding.