The proceeds arising from the sales of the property assigned shall be deposited for safekeeping in a national bank within the State or some banking institution incorporated by the State, in the joint names of the assignee or assignees and agent or agents and subject to their joint drafts.
S.C. Code Ann. § 27-25-120
Deposit of proceeds of sales
1962 Code SECTION 57-362; 1952 Code SECTION 57-362; 1942 Code SECTION 9102; 1932 Code SECTION 9102; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.