South Carolina § 38-9-160 Enforcement of trust created by deposit.

South Carolina Statutes

§ 38-9-160 — Enforcement of trust created by deposit.

South Carolina § 38-9-160

Title 38INSURANCE

Ch. 9CAPITAL, SURPLUS, RESERVES, AND OTHER FINANCIAL MATTERS

This text of South Carolina § 38-9-160 (Enforcement of trust created by deposit.) 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. § 38-9-160 (2026).

Text

An insurer which has made a deposit in this State, pursuant to this title, its trustees or resident managers in the United States, the director or his designee, or any creditor of the insurer may, at any time, bring an action in the Circuit Court for the County of Richland against the State and other parties properly joined to enforce, administer, or terminate the trust created by the deposit. The process in the action must be served on the officer of the State having the deposit, who must appear and answer in behalf of the State and perform any orders and judgments the court may make in the action.

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An insurer which has made a deposit in this State, pursuant to this title, its trustees or resident managers in the United States, the director or his designee, or any creditor of the insurer may, at any time, bring an action in the Circuit Court for the County of Richland against the State and other parties properly joined to enforce, administer, or terminate the trust created by the deposit. The process in the action must be served on the officer of the State having the deposit, who must appear and answer in behalf of the State and perform any orders and judgments the court may make in the action.

Legislative History

HISTORY: Former 1976 Code SECTION 38-9-160 [1947 (45) 322; 1952 Code SECTION 37-151; 1962 Code SECTION 37-151] recodified as SECTION 38-55-100 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-5-760 [1947 (45) 322; 1952 Code SECTION 37-187; 1962 Code SECTION 37-187] recodified as SECTION 38-9-160 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 535.