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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 34-7-20: Effect of reorganization plan on claims of depositors and unsecured creditors.

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Where this section sits in the code
  1. Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
  2. CHAPTER 7 Reorganization of Insolvent Banks

Any such reorganization plan may authorize the reduction of the claims of depositors and unsecured creditors, postpone the payment thereof or provide for such payment in installments as will appear to be to the best interest of the parties interested. In any such plan all claims or demands of the same class shall be treated alike.

Collected 2026-09-02T07:05:39Z. Source file · JSON

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