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27 chapters · 549 sections in this title.
S.C. Code Ann. § 34-7-10 Reorganization of banks adjudged insolvent
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When any banking institution organized and operating under the laws of this State has been duly adjudged insolvent in an action or special proceeding duly instituted in the court of common pleas of this State, the court in such action may approve a plan of reorganization for the …
S.C. Code Ann. § 34-7-20 Effect of reorganization plan on claims of depositors and unsecured creditors
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Any such reorganization plan may authorize the reduction of the claims of depositors and unsecured creditors, postpone the payment thereof or provide for such payment in installments as will appear to be to the best interest of the parties interested. In any such plan all claims …
S.C. Code Ann. § 34-7-30 Parties to proceeding
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All depositors, creditors and stockholders shall, for the purpose of determining upon any plan of reorganization for the reopening of any such bank under the terms of this Chapter, be deemed parties to the action or proceeding in which the adjudication of insolvency is made, prov…
S.C. Code Ann. § 34-7-40 Petition and order for reorganization meeting
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In the event as many as five per cent in number and amount of depositors and stockholders file a petition, duly verified, with the resident or presiding judge of the circuit in which such bank is situate, setting forth that, in their opinion: (1) It would be to the advantage of t…
