South Carolina § 32-7-25 Irrevocable contracts.

South Carolina Statutes

§ 32-7-25 — Irrevocable contracts.

South Carolina § 32-7-25

Title 32CONTRACTS AND AGENTS

Ch. 7PRENEED FUNERAL CONTRACTS

This text of South Carolina § 32-7-25 (Irrevocable 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. § 32-7-25 (2026).

Text

The contracts governed by the provisions of this chapter may be made irrevocable at the option of the purchaser. If the purchaser selects an irrevocable contract he must be allowed thirty days to examine the contract. Within that period, the purchaser may revoke his decision to enter this contract and all monies paid by the purchaser must be refunded. An irrevocable trust-funded preneed funeral contract executed under this chapter must not be converted to an insurance-funded preneed funeral contract. If a premium is paid on an insurance-funded preneed irrevocable contract and the contract is revoked within thirty days, the full premium must be refunded.

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The contracts governed by the provisions of this chapter may be made irrevocable at the option of the purchaser. If the purchaser selects an irrevocable contract he must be allowed thirty days to examine the contract. Within that period, the purchaser may revoke his decision to enter this contract and all monies paid by the purchaser must be refunded. An irrevocable trust-funded preneed funeral contract executed under this chapter must not be converted to an insurance-funded preneed funeral contract. If a premium is paid on an insurance-funded preneed irrevocable contract and the contract is revoked within thirty days, the full premium must be refunded.

Legislative History

HISTORY: 1989 Act No. 89, SECTION 1; 1995 Act No. 67, SECTION 3; 2009 Act No. 70, SECTION 1, eff July 1, 2009. Effect of Amendment The 2009 amendment made nonsubstantive changes.