South Carolina Statutes
§ 62-6-201 — Ownership during lifetime.
(A)During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear and convincing evidence of a different intent.
(B)A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party.
(C)An agent in an account with an agency designation has no beneficial right to sums on deposit.
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Related
McInnis v. Estate of McInnis
560 S.E.2d 632 (Court of Appeals of South Carolina, 2002)
Michael L. Woods v. Wyman Jean Woods, Jr.
(Court of Appeals of South Carolina, 2025)
Runion v. Runion
(Court of Appeals of South Carolina, 2009)
Legislative History
HISTORY: 1986 Act No. 539, SECTION 1; 1987 Act No. 171, SECTION 69; 1976 Code SECTION 62-6-103; 2013 Act No. 100, SECTION 2, eff January 1, 2014. Effect of Amendment The 2013 amendment rewrote the section.
Nearby Sections
15
§ 62-1-100
Effective date.§ 62-1-101
Short title.§ 62-1-102
Purposes; rules of construction.§ 62-1-104
Severability.§ 62-1-105
Construction against implied repeal.§ 62-1-106
Effect of fraud and evasion.§ 62-1-107
Evidence as to death or status.§ 62-1-108
Acts by holder of general power.§ 62-1-111
Authority to award costs and expenses.§ 62-1-112
Inherent power of court.§ 62-1-201
General definitions.§ 62-1-301
Territorial application.