No officer, director, or committee member, other than an employee, may be compensated for services. However, providing reasonable accident insurance protection while on credit union business shall not be considered compensation. Directors, officers, and committee members may be reimbursed for expenses incidental to the performance of official business of the credit union. HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.
South Carolina Legal Code