South Carolina § 27-25-10 Assignment by insolvent debtor.

South Carolina Statutes

§ 27-25-10 — Assignment by insolvent debtor.

South Carolina § 27-25-10

Title 27PROPERTY AND CONVEYANCES

Ch. 25ASSIGNMENTS FOR THE BENEFIT OF CREDITORS

This text of South Carolina § 27-25-10 (Assignment by insolvent debtor.) 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. § 27-25-10 (2026).

Text

Any assignment by an insolvent debtor of his property for the benefit of his creditors in which any preference or priority is given to any creditor or creditors of the debtor by the terms of the assignment over any other creditor or creditors, other than as to any debts due to the public, or in which any provision or disposition of the property so assigned is made or directed other than that it be distributed among all creditors of the insolvent debtor equally, in proportion to the amount of their several demands and without preference or priority of any kind whatsoever, save only as to debts due to the public and save only as to such creditors as may accept the terms of such assignment and execute a release of their claim against the debtor, and except as hereinafter provided, shall be ab

Free access — add to your briefcase to read the full text and ask questions with AI

Any assignment by an insolvent debtor of his property for the benefit of his creditors in which any preference or priority is given to any creditor or creditors of the debtor by the terms of the assignment over any other creditor or creditors, other than as to any debts due to the public, or in which any provision or disposition of the property so assigned is made or directed other than that it be distributed among all creditors of the insolvent debtor equally, in proportion to the amount of their several demands and without preference or priority of any kind whatsoever, save only as to debts due to the public and save only as to such creditors as may accept the terms of such assignment and execute a release of their claim against the debtor, and except as hereinafter provided, shall be absolutely null and void and of no effect whatsoever.

Legislative History

HISTORY: 1962 Code SECTION 57-351; 1952 Code SECTION 57-351; 1942 Code SECTION 9106; 1932 Code SECTION 9106; Civ. C. '22 SECTION 5511; Civ. C. '12 SECTION 3732; Civ. C. '02 SECTION 2647; G. S. 2014; R. S. 2146; 1882 (18) 847.