South Carolina § 27-18-76 Claims for escheated United States savings bonds or proceeds from bond.

South Carolina Statutes

§ 27-18-76 — Claims for escheated United States savings bonds or proceeds from bond.

South Carolina § 27-18-76

Title 27PROPERTY AND CONVEYANCES

Ch. 18UNIFORM UNCLAIMED PROPERTY ACT

This text of South Carolina § 27-18-76 (Claims for escheated United States savings bonds or proceeds from bond.) 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. § 27-18-76 (2026).

Text

A person claiming a United States savings bond escheated to the State under Section 27-18-75, or for the proceeds from the bond, may file a claim with the administrator. The administrator may approve the claim if the person is able to provide sufficient proof of the validity of the person's claim. No costs of prior court action regarding the savings bond or bonds which are the subject of the person's claim may be taxed against that person. Once a bond, or the proceeds from the bond, are remitted to a claimant, no action thereafter may be maintained by any other person against the administrator, the State, or any officer of the State, for or on account of the funds. The person's sole remedy, if any, must be against the claimant who received the bond or proceeds from the bond.

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A person claiming a United States savings bond escheated to the State under Section 27-18-75, or for the proceeds from the bond, may file a claim with the administrator. The administrator may approve the claim if the person is able to provide sufficient proof of the validity of the person's claim. No costs of prior court action regarding the savings bond or bonds which are the subject of the person's claim may be taxed against that person. Once a bond, or the proceeds from the bond, are remitted to a claimant, no action thereafter may be maintained by any other person against the administrator, the State, or any officer of the State, for or on account of the funds. The person's sole remedy, if any, must be against the claimant who received the bond or proceeds from the bond.

Legislative History

HISTORY: 2015 Act No. 81 (H.3852), SECTION 2, eff June 11, 2015. Editor's Note 2015 Act No. 81, SECTION 3, provides as follows: "SECTION 3. This act applies to any United States savings bond that reaches maturity on, before, or after the effective date of this act."