South Carolina Statutes
§ 27-25-130 — General powers of creditors.
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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South Carolina § 27-25-130 (General powers of creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.