South Carolina Statutes
§ 39-61-40 — Security; required assurances.
The security:
(a)Must be for the protection, use, and benefit of all persons whose applications for membership in a motor club have been accepted by the club or its representatives.
(b)Shall assure that the club faithfully furnishes and renders to members any and all of the motor club services furnished, sold, or offered for sale by it.
(c)Shall assure that the club complies with and abides by all the provisions of this chapter and all the regulations of the Administrator prescribed, published, adopted, and promulgated under authority of this chapter.
(d)Shall assure that the club pays all fines and penalties that may become due to the State from the club and by virtue of the provisions of this chapter.
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South Carolina § 39-61-40 (Security; required assurances.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1987 Act No. 155, SECTION 6, eff January 1, 1988.
Nearby Sections
15
§ 39-61-10
Short title.§ 39-61-110
Requirements of service contracts.§ 39-61-140
Restrictions on advertising.§ 39-61-160
Authority of administrator.§ 39-61-170
Violations; penalties.§ 39-61-190
Incidental services.§ 39-61-20
Definitions.§ 39-61-200
Attorney's fees.§ 39-61-30
Deposit of cash, securities, or bonds.§ 39-61-40
Security; required assurances.