South Carolina § 27-25-90 Rights and powers of agents.

South Carolina Statutes

§ 27-25-90 — Rights and powers of agents.

South Carolina·Title 27 PROPERTY AND CONVEYANCES·Ch. 25 ASSIGNMENTS FOR THE BENEFIT OF CREDITORS

The agent or agents so appointed shall have equal power and authority with the assignee or assignees to sell and dispose of the property assigned and distribute and pay the proceeds, according to the intent and provisions of the deed of assignment. All sales, hypothecations or other transfers of property, whether real or personal, shall be void and null unless made with the consent and concurrence of the assignee or assignees and agent or agents, or a majority of them, and should the assignee or assignees and agent or agents be equally divided on any question such question shall be decided by an umpire appointed as provided in SECTION 27-25-110.

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The agent or agents so appointed shall have equal power and authority with the assignee or assignees to sell and dispose of the property assigned and distribute and pay the proceeds, according to the intent and provisions of the deed of assignment. All sales, hypothecations or other transfers of property, whether real or personal, shall be void and null unless made with the consent and concurrence of the assignee or assignees and agent or agents, or a majority of them, and should the assignee or assignees and agent or agents be equally divided on any question such question shall be decided by an umpire appointed as provided in SECTION 27-25-110.

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Legislative History

HISTORY: 1962 Code SECTION 57-359; 1952 Code SECTION 57-359; 1942 Code SECTION 9100; 1932 Code SECTION 9100; Civ. C. '22 SECTION 5505; Civ. C. '12 SECTION 3726; Civ. C. '02 SECTION 2641; G. S. 2008; R. S. 2140; 1828 (6) 366.