{"data":{"id":"us-sc/s.c.-code-ann.-36-9-618","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-9-618","heading":"Rights and duties of certain secondary obligors.","body":"(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) An assignment, transfer, or subrogation described in subsection (a):\n(1) is not a disposition of collateral under Section 36-9-610; and\n(2) relieves the secured party of further duties under this chapter.","path":["Title 36 - COMMERCIAL CODE","CHAPTER 9 Commercial Code—Secured Transactions","Part 6 Default"],"source_url":"https://www.scstatehouse.gov/code/t36c009.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:49Z","sha256":"ce65e49a7e3a5e1dd7fd86e121d1b2bd802439e36a35fde55dbb95afaa1e8591","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-9-617","next":"us-sc/s.c.-code-ann.-36-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}