South Carolina Statutes
§ 38-9-160 — Enforcement of trust created by deposit.
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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South Carolina § 38-9-160 (Enforcement of trust created by deposit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.
Nearby Sections
15
§ 38-9-120
Exchange of deposited securities.§ 38-9-130
Interest on deposited securities.§ 38-9-140
Principal of deposited securities.§ 38-9-150
Return of deposited securities.§ 38-9-160
Enforcement of trust created by deposit.§ 38-9-170
Unearned premium reserve.§ 38-9-180
Standard Valuation Law.§ 38-9-190
Loss and claim reserves.