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TO AMEND SECTION 33-31-620, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO RESIGNATION OF MEMBERS OF NONPROFIT CORPORATIONS, SO AS TO PROVIDE THAT A MEMBER'S RESIGNATION DOES NOT RELIEVE THE MEMBER FROM ANY SPECIAL ASSESSMENTS AS WELL AS ACCRUED OBLIGATIONS THE MEMBER MAY HAVE TO THE CORPORATION, AND TO PROVIDE THAT THE CORPORATION MUST USE DUE DILIGENCE TO REDUCE AND ELIMINATE, IF POSSIBLE, ONGOING AND REOCCURRING MEMBERSHIP DUES OBLIGATIONS OF A RESIGNED MEMBER.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 33-31-620 of the 1976 Code is amended to read:
"Section 33-31-620. (a) A member may resign at any time.
(b) The resignation of a member does not relieve the member from any accrued obligations or special assessments the member may have to the corporation as a result of obligations incurred, assessments levied, or commitments made before resignation. The corporation must use due diligence to reduce and eliminate, if possible, ongoing and recurring membership dues obligations of a resigned member."
SECTION 2. This act takes effect upon approval by the Governor.
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