South Carolina Statutes
§ 27-25-130 — General powers of creditors.
South Carolina § 27-25-130
JurisdictionSouth Carolina
Title 27PROPERTY AND CONVEYANCES
Ch. 25ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
This text of South Carolina § 27-25-130 (General powers of creditors.) 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. § 27-25-130 (2026).
Text
The creditors or such committee as they may appoint may direct and prescribe the time and mode of selling and the terms of sale or order a distribution of the assets on hand, and a final closing of the concern. And, in case of need, they may revoke and dismiss their agent or agents and name and appoint another or others in their stead.
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Legislative History
HISTORY: 1962 Code SECTION 57-363; 1952 Code SECTION 57-363; 1942 Code SECTION 9104; 1932 Code SECTION 9104; Civ. C. '22 SECTION 5509; Civ. C. '12 SECTION 3730; Civ. C. '02 SECTION 2645; G. S. 2012; R. S. 2144; 1828 (6) 366.
Nearby Sections
15
§ 27-25-10
Assignment by insolvent debtor.§ 27-25-110
Appointment of umpire.§ 27-25-120
Deposit of proceeds of sales.§ 27-25-130
General powers of creditors.§ 27-25-140
Statements of proceedings.§ 27-25-160
Commissions allowed.§ 27-25-60
Calling creditors together.§ 27-25-80
Election of agents.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 27-25-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/25/27-25-130.