South Carolina Statutes
§ 34-7-20 — Effect of reorganization plan on claims of depositors and unsecured creditors.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 7 REORGANIZATION OF INSOLVENT BANKS
Any such reorganization plan may authorize the reduction of the claims of depositors and unsecured creditors, postpone the payment thereof or provide for such payment in installments as will appear to be to the best interest of the parties interested. In any such plan all claims or demands of the same class shall be treated alike.
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South Carolina § 34-7-20 (Effect of reorganization plan on claims of depositors and unsecured creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-312; 1952 Code SECTION 8-312; 1942 Code SECTION 7874; 1932 (37) 1183.
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