XII. South Carolina Llc Members Not Required to Make Contributions or Pay Note
| Library | South Carolina Limited Liability Companies (SCBar) (2020 Ed.) |
XII. South Carolina LLC Members Not Required to Make Contributions or Pay Note
A member of a South Carolina limited liability company brought an action against his co-members, alleging breach of contract and fiduciary duty, and claiming that he was entitled to contribution for his satisfaction of a loan made to the LLC, of which loan member asserted that co-members were required under LLC's operating agreement to pay their proportionate share. The circuit court, granted summary judgment in favor of...
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