South Carolina § 27-25-150 Damages for failure to account or follow directions.

South Carolina Statutes

§ 27-25-150 — Damages for failure to account or follow directions.

South Carolina § 27-25-150

Title 27PROPERTY AND CONVEYANCES

Ch. 25ASSIGNMENTS FOR THE BENEFIT OF CREDITORS

This text of South Carolina § 27-25-150 (Damages for failure to account or follow directions.) 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. § 27-25-150 (2026).

Text

The assignee's or assignees' and agent's or agents' failure or neglect to lay a statement of their proceedings before the creditors or their committee, as and when directed by SECTION 27-25-140, or whenever called on, or to obey or abide by their directions, renders them answerable for all damages resulting from their refusal or neglect, and they shall forfeit the commission they might otherwise be entitled to.

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The assignee's or assignees' and agent's or agents' failure or neglect to lay a statement of their proceedings before the creditors or their committee, as and when directed by SECTION 27-25-140, or whenever called on, or to obey or abide by their directions, renders them answerable for all damages resulting from their refusal or neglect, and they shall forfeit the commission they might otherwise be entitled to.

Legislative History

HISTORY: 1962 Code SECTION 57-365; 1952 Code SECTION 57-365; 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.