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2020 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 5 - Management Of Bank By Conservators
Section 34-5-60. Expenses of conservator; attorney.
Universal Citation: SC Code § 34-5-60 (2020)
All expenses of any such conservatorship shall be paid out of the assets of such bank and shall be a lien thereon which shall be prior to any other lien. The conservator shall receive as salary an amount to be fixed by the Board. The conservator may employ an attorney or attorneys at such reasonable compensation as may be agreed upon; provided, that such employment shall be subject to the written approval of the Board.
HISTORY: 1962 Code Section 8-286; 1952 Code Section 8-286; 1942 Code Section 7829-7; 1936 (39) 1484.
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