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2018 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 19 - SAFE-DEPOSIT BOXES
Section 34-19-90. Disposition of proceeds of sale of contents.
Universal Citation: SC Code § 34-19-90 (2018)
The balance of the proceeds of a sale under Section 34-19-80, after deducting accumulated charges, including the expense of advertising and conducting the sale, shall be deposited to the credit of the lessee in any account maintained by him, or if none, shall be deemed a deposit account with the bank, cash depository, or trust company operating the safe-deposit facility, and shall be identified on the books of the bank as arising from the sale of contents of a safe-deposit box.
HISTORY: 1962 Code Section 8-509; 1952 Code Section 8-577; 1942 Code Section 7902; 1932 Code Section 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.
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