South Carolina Statutes
§ 38-69-280 — Maturity date under certain contracts.
South Carolina § 38-69-280
This text of South Carolina § 38-69-280 (Maturity date under certain contracts.) 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. § 38-69-280 (2026).
Text
For the purpose of determining the benefits calculated under SECTIONS 38-69-260 and 38-69-270, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date is considered to be the latest date for which election is permitted by the contract but may not be considered to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-8-80 [1978 Act No. 517 SECTION 8] recodified as SECTION 38-69-280 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-69-210
Title.§ 38-69-220
Exceptions from operation of article.§ 38-69-230
Provisions required in contracts; provision for termination for nonpayment of consideration.§ 38-69-250
Paid-up annuity benefits; present value.§ 38-69-260
Cash surrender benefits.§ 38-69-280
Maturity date under certain contracts.§ 38-69-290
Statements required in certain contracts.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-69-280, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/69/38-69-280.