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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 34-5-60: Expenses of conservator; attorney.

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Where this section sits in the code
  1. Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
  2. CHAPTER 5 Management of Bank by Conservators

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.

Collected 2026-09-02T07:05:29Z. Source file · JSON

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