South Carolina Statutes
§ 15-50-130 — Exclusions for breaches or omissions.
South Carolina § 15-50-130
JurisdictionSouth Carolina
Title 15CIVIL REMEDIES AND PROCEDURES
Ch. 50STRUCTURED SETTLEMENT PROTECTION ACT
This text of South Carolina § 15-50-130 (Exclusions for breaches or omissions.) 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. § 15-50-130 (2026).
Text
The liability of the surety under the bond is not affected by any breach of contract, breach of warranty, failure to pay a premium or other act or omission of the bonded structured settlement purchase company, or by any insolvency or bankruptcy of the structured settlement purchase company.
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Legislative History
HISTORY: 2023 Act No. 22 (S.259), SECTION 13, eff January 1, 2024. Editor's Note 2023 Act No. 22, SECTION 20, provides as follows: "SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
Nearby Sections
15
§ 15-50-10
Short title.§ 15-50-100
Registration valid for one year.§ 15-50-110
Registration applications; bond.§ 15-50-120
Notice of judgements required to be filed.§ 15-50-130
Exclusions for breaches or omissions.§ 15-50-150
Assignees not required to register.§ 15-50-20
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 15-50-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/50/15-50-130.