South Carolina § 39-19-80 Warehouse receipts issued by corporations formed, owned, or controlled by cooperatives.

South Carolina Statutes

§ 39-19-80 — Warehouse receipts issued by corporations formed, owned, or controlled by cooperatives.

South Carolina § 39-19-80

Title 39TRADE AND COMMERCE

Ch. 19WAREHOUSES AND WAREHOUSEMEN GENERALLY

This text of South Carolina § 39-19-80 (Warehouse receipts issued by corporations formed, owned, or controlled by cooperatives.) 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. § 39-19-80 (2026).

Text

Any warehousing corporation organized, formed, operated, owned or controlled by an association formed under Chapter 47 of Title 33 or in which any such association shall have an interest, own stock or be a member may issue legal warehouse receipts to the association or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the current value of the commodity represented thereby. In case a warehouse of such a corporation is licensed or bonded under the laws of this State or the United States its warehouse receipt shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.

Free access — add to your briefcase to read the full text and ask questions with AI

Any warehousing corporation organized, formed, operated, owned or controlled by an association formed under Chapter 47 of Title 33 or in which any such association shall have an interest, own stock or be a member may issue legal warehouse receipts to the association or to any other person and such legal warehouse receipts shall be considered as adequate collateral to the extent of the current value of the commodity represented thereby. In case a warehouse of such a corporation is licensed or bonded under the laws of this State or the United States its warehouse receipt shall not be challenged or discriminated against because of ownership or control, wholly or in part, by the association.

Legislative History

HISTORY: 1962 Code SECTION 69-8; 1952 Code SECTION 69-8; 1942 Code SECTION 6519; 1932 Code SECTION 6519; Civ. C. '22 SECTION 3423; 1921 (32) 339. ARTICLE 3 Tobacco Warehousemen Generally