South Carolina Statutes
§ 27-25-40 — Assignment for benefit of creditors; appointment of agents by creditors.
South Carolina § 27-25-40
JurisdictionSouth Carolina
Title 27PROPERTY AND CONVEYANCES
Ch. 25ASSIGNMENTS FOR THE BENEFIT OF CREDITORS
This text of South Carolina § 27-25-40 (Assignment for benefit of creditors; appointment of agents by 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. § 27-25-40 (2026).
Text
Whenever any debtor shall assign his property for the benefit of his creditors, the creditors may name and appoint an agent or agents, equal in number to the assignees, to act in their behalf jointly with the assignee or assignees named and appointed by the assignor.
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Legislative History
HISTORY: 1962 Code SECTION 57-354; 1952 Code SECTION 57-354; 1942 Code SECTION 9097; 1932 Code SECTION 9097; Civ. C. '22 SECTION 5502; Civ. C. '12 SECTION 3723; Civ. C. '02 SECTION 2638; G. S. 2005; R. S. 2137; 1828 (6) 365.
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 § 27-25-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/25/27-25-40.