South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 27-25-120: Deposit of proceeds of sales.

Where this section sits in the code

Title 27 - PROPERTY AND CONVEYANCES
CHAPTER 25 Assignments for the Benefit of Creditors

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.

Collected 2026-09-02T06:56:19Z. Source file · JSON

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