South Carolina Statutes
§ 34-7-20 — Effect of reorganization plan on claims of depositors and unsecured creditors.
South Carolina § 34-7-20
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 7REORGANIZATION OF INSOLVENT BANKS
This text of South Carolina § 34-7-20 (Effect of reorganization plan on claims of depositors and unsecured creditors.) 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. § 34-7-20 (2026).
Text
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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Legislative History
HISTORY: 1962 Code SECTION 8-312; 1952 Code SECTION 8-312; 1942 Code SECTION 7874; 1932 (37) 1183.
Nearby Sections
7
§ 34-7-30
Parties to proceeding.§ 34-7-50
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Bluebook (online)
South Carolina § 34-7-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/7/34-7-20.