South Carolina Statutes
§ 38-27-630 — Distribution of assets.
South Carolina § 38-27-630
This text of South Carolina § 38-27-630 (Distribution of assets.) 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. § 38-27-630 (2026).
Text
Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-5-2330 [1982 Act No. 384, SECTION 44] recodified as SECTION 38-27-630 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-27-10
Short title.§ 38-27-1000
Subordination of claims for noncooperation.§ 38-27-20
Construction.§ 38-27-220
Court's seizure order.§ 38-27-230
Confidentiality of hearings.§ 38-27-30
Purpose.§ 38-27-310
Grounds for rehabilitation.§ 38-27-320
Rehabilitation orders.§ 38-27-330
Powers and duties of rehabilitator.§ 38-27-340
Actions by and against rehabilitator.§ 38-27-350
Termination of rehabilitation.§ 38-27-360
Grounds for liquidation.§ 38-27-370
Liquidation orders.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-27-630, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/27/38-27-630.