South Carolina § 47-11-520 Procedure for payment of livestock purchased at auction.

South Carolina Statutes

§ 47-11-520 — Procedure for payment of livestock purchased at auction.

South Carolina § 47-11-520

Title 47ANIMALS, LIVESTOCK, AND POULTRY

Ch. 11SALE, GRADING, AND INSPECTION OF LIVESTOCK

This text of South Carolina § 47-11-520 (Procedure for payment of livestock purchased at auction.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 47-11-520 (2026).

Text

Payment for livestock purchased at auction shall be made on the same date of purchase of the livestock, and the proceeds therefrom shall be deposited by the public livestock sales establishment in a custodial account not later than the next banking day following the date of sale. Payment for livestock purchased at auction shall be made by cash, check or draft. There shall be no loans made from the custodial account of any public livestock sales establishment to any purchaser of livestock at such sales establishment.

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Payment for livestock purchased at auction shall be made on the same date of purchase of the livestock, and the proceeds therefrom shall be deposited by the public livestock sales establishment in a custodial account not later than the next banking day following the date of sale. Payment for livestock purchased at auction shall be made by cash, check or draft. There shall be no loans made from the custodial account of any public livestock sales establishment to any purchaser of livestock at such sales establishment.