South Carolina § 34-7-30 Parties to proceeding.

South Carolina Statutes

§ 34-7-30 — Parties to proceeding.

South Carolina § 34-7-30

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 7REORGANIZATION OF INSOLVENT BANKS

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Bluebook

S.C. Code Ann. § 34-7-30 (2026).

Text

All depositors, creditors and stockholders shall, for the purpose of determining upon any plan of reorganization for the reopening of any such bank under the terms of this Chapter, be deemed parties to the action or proceeding in which the adjudication of insolvency is made, provided the notice hereinafter referred to be duly served. All such depositors, creditors and stockholders who are so made parties shall be bound by the judgment order referred to in Section 34-7-60.

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All depositors, creditors and stockholders shall, for the purpose of determining upon any plan of reorganization for the reopening of any such bank under the terms of this Chapter, be deemed parties to the action or proceeding in which the adjudication of insolvency is made, provided the notice hereinafter referred to be duly served. All such depositors, creditors and stockholders who are so made parties shall be bound by the judgment order referred to in Section 34-7-60.