For purposes of this chapter, "loss" means any monetary loss over and beyond the amount protected by a warehouseman's bond sustained as a result of storing a commodity in a state-licensed warehouse including, but not limited to, any monetary loss over and beyond the amount protected by a warehouseman's bond sustained as a result of the warehouseman's bankruptcy, embezzlement, or fraud.
S.C. Code Ann. § 39-22-15
"Loss" defined
Applied in 2 court decisions — leading case McMillan v. South Carolina Department of Agriculture (2005)
Most recently applied in McMillan v. South Carolina Department of Agriculture (November 2008)
1998 Act No. 375, SECTION 1, eff May 26, 1998.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.