GroundRules
S.C. Code Ann. § 38-19-1170: Membership interest as security; transfer of interest.
Where this section sits in the code
- Title 38 - INSURANCE
- CHAPTER 19 Domestic Mutual Insurers
- ARTICLE 13 Reorganization of Mutual Insurers as Domestic Mutual Insurance Holding Company Systems
A membership interest in a mutual insurance holding company does not constitute a security under the laws of the State of South Carolina. A membership interest in a mutual insurance holding company may not be transferred from the member to another person or entity.
Collected 2026-09-02T07:12:04Z. Source file · JSON