South Carolina § 62-7-111 Nonjudicial settlement agreements.

South Carolina Statutes

§ 62-7-111 — Nonjudicial settlement agreements.

South Carolina § 62-7-111

Title 62SOUTH CAROLINA PROBATE CODE

Ch.ARTICLE 7 - SOUTH CAROLINA TRUST CODE

This text of South Carolina § 62-7-111 (Nonjudicial settlement agreements.) 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. § 62-7-111 (2026).

Text

(a)For purposes of this section, "interested persons" means persons whose consent would be required in order to achieve a binding settlement were the settlement to be approved by the court.

(b)Interested persons may enter into a binding nonjudicial settlement agreement with respect to only the following trust matters:

(1)the approval of a trustee's report or accounting;

(2)direction to a trustee to perform or refrain from performing a particular administrative act or the grant to a trustee of any necessary or desirable administrative power;

(3)the resignation or appointment of a trustee and the determination of a trustee's compensation;

(4)transfer of a trust's principal place of administration; and (5) liability of a trustee for an action relating to the trust.

(c)Any interested pe

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(a) For purposes of this section, "interested persons" means persons whose consent would be required in order to achieve a binding settlement were the settlement to be approved by the court. (b) Interested persons may enter into a binding nonjudicial settlement agreement with respect to only the following trust matters: (1) the approval of a trustee's report or accounting; (2) direction to a trustee to perform or refrain from performing a particular administrative act or the grant to a trustee of any necessary or desirable administrative power; (3) the resignation or appointment of a trustee and the determination of a trustee's compensation; (4) transfer of a trust's principal place of administration; and (5) liability of a trustee for an action relating to the trust. (c) Any interested person may request the court to approve a nonjudicial settlement agreement, to determine whether the representation as provided in Part 3 was adequate, and to determine whether the agreement contains terms and conditions the court could have properly approved.