South Carolina § 33-14-400 Deposit with Department of Revenue.

South Carolina Statutes

§ 33-14-400 — Deposit with Department of Revenue.

South Carolina § 33-14-400

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 14DISSOLUTION

This text of South Carolina § 33-14-400 (Deposit with Department of Revenue.) 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. § 33-14-400 (2026).

Text

Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them, must be reduced to cash and deposited with the Department of Revenue or other appropriate state official for safekeeping in accordance with the Uniform Disposition of Unclaimed Property Act. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the Department of Revenue or other appropriate state official shall pay him or his representative that amount.

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Assets of a dissolved corporation that should be transferred to a creditor, claimant, or shareholder of the corporation who cannot be found or who is not competent to receive them, must be reduced to cash and deposited with the Department of Revenue or other appropriate state official for safekeeping in accordance with the Uniform Disposition of Unclaimed Property Act. When the creditor, claimant, or shareholder furnishes satisfactory proof of entitlement to the amount deposited, the Department of Revenue or other appropriate state official shall pay him or his representative that amount.

Legislative History

HISTORY: Derived from 1976 Code SECTION 33-21-210 [1962 Code SECTION 12-22.21; 1962 (52) 1996; 1981 Act No. 146, SECTION 2; Repealed, 1988 Act No. 444, SECTION 4(1)]; 1988 Act No. 444, SECTION 2; 1993 Act No. 181, SECTION 515.