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South Carolina Statutes, Title 34

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Title 34, Banking, Financial Institutions and Money

25 chapters · 534 sections in this title.

All chapters in Title 34534 Ch 30, Title 34, Chapter 3097 Ch 26, Title 34, Chapter 2692 Ch 28, Title 34, Chapter 2860 Ch 3, Title 34, Chapter 342 Ch 29, Title 34, Chapter 2931 Ch 21, Title 34, Chapter 2130 Ch 1, Title 34, Chapter 121 Ch 25, Title 34, Chapter 2521 Ch 39, Title 34, Chapter 3920 Ch 5, Title 34, Chapter 515 Ch 41, Title 34, Chapter 4114 Ch 11, Title 34, Chapter 1113 Ch 19, Title 34, Chapter 1912 Ch 13, Title 34, Chapter 1311

12 sections·Filtered byTitle 34✕Ch 19✕

S.C. Code Ann. § 34-19-10 Definitions
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"Lessee" means a person contracting with a lessor for the use of a safe deposit box. "Lessor" means a bank, cash depository, or trust company renting safe deposit facilities authorized by law to operate in the State. "Safe deposit box" means a safe deposit box, vault, or other sa…
S.C. Code Ann. § 34-19-100 Destruction of private documents of no apparent value
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Any documents or writings of a private nature and having little or no apparent value need not be offered for sale under Section 34-19-80, but shall be retained, unless claimed by the owner, for a period of two years, after which they may be destroyed.
S.C. Code Ann. § 34-19-110 Use of words "safe deposit" or "safety deposit"
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It is unlawful for a person to use the words "safe deposit", "safety deposit", or other similar words in connection with the rental of storage space, or in the title or name under which business is done. A person subject to the jurisdiction of the State Board of Financial Institu…
S.C. Code Ann. § 34-19-120 Access by person appointed as attorney-in-fact under durable power of attorney to obtain original durable power of attorney; statement of authorization

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(A)(1) The person who has been appointed as attorney- in-fact under a durable power of attorney by a lessee of a safe deposit box may open, or direct the lessor to open, the safe deposit box of the lessee and obtain the original copy of the durable power of attorney, if a stateme…

S.C. Code Ann. § 34-19-20 Safe deposit business authorized

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Subject to the provisions of this chapter any bank, building and loan association, savings and loan association, savings association, savings bank, or trust company may maintain and lease safe deposit boxes and may accept property or documents for safekeeping.

S.C. Code Ann. § 34-19-30 Lease of box to minor

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A bank may lease a safe deposit box to and in connection therewith deal with a minor with the same effect as if leasing to and dealing with a person of full legal capacity.

S.C. Code Ann. § 34-19-40 Access to box of fiduciary

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Where a safe deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto as follows: (1) By any one …

S.C. Code Ann. § 34-19-50 Access to box of decedent; removal of contents

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A lessor shall permit the person named in a court order for the purpose, or if no order has been served upon the lessor, the spouse, a parent, an adult descendant or a person named as an executor in a copy of a purported will produced by him, to open and examine the contents of a…

S.C. Code Ann. § 34-19-60 Refusal of access because of adverse claim

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An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless: (1) The lessor is directed to do so by a court order issued by a court of competent jurisdiction; or (2) The sa…

S.C. Code Ann. § 34-19-70 Opening box when rental is one year in default

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If the rental due on a safe deposit box has not been paid for one year, the lessor may send a notice by registered mail to the last known address of the lessee stating that the safe deposit box will be opened and its contents stored at the expense of the lessee unless payment of …

S.C. Code Ann. § 34-19-80 Sale of contents unclaimed for two years

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If the contents of the safe deposit box have not been claimed within two years of the mailing of the certificate as required by Section 34-19-70, the lessor may send a further notice to the last known address of the lessee stating that, unless the accumulated charges are paid wit…

S.C. Code Ann. § 34-19-90 Disposition of proceeds of sale of contents

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The balance of the proceeds of a sale under Section 34-19-80, after deducting accumulated charges, including the expense of advertising and conducting the sale, shall be deposited to the credit of the lessee in any account maintained by him, or if none, shall be deemed a deposit …