South Carolina § 32-7-40 Deposit of trust funds.

South Carolina Statutes

§ 32-7-40 — Deposit of trust funds.

South Carolina·Title 32 CONTRACTS AND AGENTS·Ch. 7 PRENEED FUNERAL CONTRACTS

All trust funds described in this chapter must be deposited in the name of the trustee, as trustee, within thirty days after receipt.

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South Carolina § 32-7-40 (Deposit of trust funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 11-174; 1973 (58) 339; 1989 Act No. 89, SECTION 1; 2009 Act No. 70, SECTION 1, eff July 1, 2009. Effect of Amendment The 2009 amendment substituted "described" for "mentioned".

Nearby Sections

15

§ 32-7-10

Definitions.

§ 32-7-100

Penalties; revocation of license; request for contested case hearing.

§ 32-7-110

Enforcement; investigation of unlicensed providers.

§ 32-7-120

Application of chapter.

§ 32-7-130

Sale at need of granite, memorials, or vaults by licensed funeral director.

§ 32-7-20

Preneed funeral contracts; management of funds; contents of contract; substitutions for merchandise selected.

§ 32-7-25

Irrevocable contracts.

§ 32-7-30

Refunds upon written demand.

§ 32-7-35

Transfer of preneed funeral contracts.

§ 32-7-40

Deposit of trust funds.

§ 32-7-45

Transfer of contracts where provider goes out of business; department authorized to accomplish transfer.

§ 32-7-50

License required; application, issuance, and revocation; service charges and listing of contracts sold to be forwarded to department; penalty.

§ 32-7-60

Preneed Funeral Loss Reimbursement Fund established; disposition of funds; reimbursement procedures; advertising restrictions in sales of preneed contracts.

§ 32-7-70

Accounts and records; investigations.

§ 32-7-90

Soliciting and advertising.

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