South Carolina § 34-19-90 Disposition of proceeds of sale of contents.

South Carolina Statutes

§ 34-19-90 — Disposition of proceeds of sale of contents.

South Carolina § 34-19-90

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 19SAFE DEPOSIT BOXES

This text of South Carolina § 34-19-90 (Disposition of proceeds of sale of contents.) 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. § 34-19-90 (2026).

Text

The balance of the proceeds of a sale under Section 34-19-80, after deducting accumulated charges, including the expense of advertising and conducting the sale, shall be deposited to the credit of the lessee in any account maintained by him, or if none, shall be deemed a deposit account with the bank, cash depository, or trust company operating the safe deposit facility, and shall be identified on the books of the bank as arising from the sale of contents of a safe deposit box.

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The balance of the proceeds of a sale under Section 34-19-80, after deducting accumulated charges, including the expense of advertising and conducting the sale, shall be deposited to the credit of the lessee in any account maintained by him, or if none, shall be deemed a deposit account with the bank, cash depository, or trust company operating the safe deposit facility, and shall be identified on the books of the bank as arising from the sale of contents of a safe deposit box.

Legislative History

HISTORY: 1962 Code SECTION 8-509; 1952 Code SECTION 8-577; 1942 Code SECTION 7902; 1932 Code SECTION 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.