South Carolina Statutes
§ 56-9-358 — Limit on security required; deposit.
The security required under this article shall be in the form and in the amount that the Department of Motor Vehicles may require but in no case in excess of the limits specified in Section 56-9-353 in reference to the acceptable limits of a policy or bond. The person depositing security shall specify in writing the person on whose behalf the deposit is made and, at any time while the deposit is in the custody of the Department or State Treasurer, the person depositing it may, in writing, amend the specifications of the persons on whose behalf the deposit is made to include additional persons; but a single deposit of security shall be applicable only on behalf of persons required to furnish security because of the same accident.
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Legislative History
HISTORY: 1978 Act No. 467 SECTION 1.
Nearby Sections
15
§ 56-9-10
Short title.§ 56-9-100
Chapter is supplemental and cumulative.§ 56-9-110
Reserved.§ 56-9-120
Construction.§ 56-9-20
Definitions.§ 56-9-351
Deposit of security by owner following accident; suspension of license, registrations, and notice.§ 56-9-352
Exceptions.§ 56-9-353
Type and terms of policy or bond.