Whenever any debtor shall assign his property for the benefit of his creditors, the creditors may name and appoint an agent or agents, equal in number to the assignees, to act in their behalf jointly with the assignee or assignees named and appointed by the assignor.
S.C. Code Ann. § 27-25-40
Assignment for benefit of creditors; appointment of agents by creditors
Applied in 1 court decision — leading case In Re Colony Press, Inc. (1988)
Most recently applied in In Re Colony Press, Inc. (January 1988)
1962 Code SECTION 57-354; 1952 Code SECTION 57-354; 1942 Code SECTION 9097; 1932 Code SECTION 9097; 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.