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2020 South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 25 - Assignments For The Benefit Of Creditors
Section 27-25-120. Deposit of proceeds of sales.
Universal Citation: SC Code § 27-25-120 (2020)
The proceeds arising from the sales of the property assigned shall be deposited for safekeeping in a national bank within the State or some banking institution incorporated by the State, in the joint names of the assignee or assignees and agent or agents and subject to their joint drafts.
HISTORY: 1962 Code Section 57-362; 1952 Code Section 57-362; 1942 Code Section 9102; 1932 Code Section 9102; Civ. C. '22 Section 5507; Civ. C. '12 Section 3728; Civ. C. '02 Section 2643; G. S. 2010; R. S. 2142; 1828 (6) 366.
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