South Carolina § 40-5-340 Penalties for purchasing claims for suit.

South Carolina Statutes

§ 40-5-340 — Penalties for purchasing claims for suit.

South Carolina § 40-5-340

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 5ATTORNEYS-AT-LAW

This text of South Carolina § 40-5-340 (Penalties for purchasing claims for suit.) 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. § 40-5-340 (2026).

Text

If any attorney, solicitor or counsellor shall enter into any speculating practices, by purchasing or procuring to be purchased any note or other demand for the purpose of putting the same in suit, when otherwise the owner or holder thereof would not sue upon it, such attorney, solicitor or counsellor shall pay a fine of one hundred dollars and shall thereafter be incapable of practicing as such in any court until restored by the Supreme Court.

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If any attorney, solicitor or counsellor shall enter into any speculating practices, by purchasing or procuring to be purchased any note or other demand for the purpose of putting the same in suit, when otherwise the owner or holder thereof would not sue upon it, such attorney, solicitor or counsellor shall pay a fine of one hundred dollars and shall thereafter be incapable of practicing as such in any court until restored by the Supreme Court.

Legislative History

HISTORY: 1962 Code SECTION 56-144; 1952 Code SECTION 56-144; 1942 Code SECTION 324; 1932 Code SECTION 324; Civ. P. '22 SECTION 280; Civ. C. '12 SECTION 3920; Civ. C. '02 SECTION 2817; G. S. 2165; R. S. 2293; 1868 (14) 97.