Credit memo

S.C. Code Ann. § 27-18-150, under Title 27, Chapter 18.

S.C. Code Ann. § 27-18-150

(A) A credit memo issued in the ordinary course of an issuer's business which remains unclaimed by the owner for more than five years after becoming payable or distributable is presumed abandoned. (B) In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.