A security interest is perfected by the delivery to the Department of Motor Vehicles of the existing certificate of title, if any, an application for a certificate of title containing the name and address of the lienholder and the date of his security agreement and the required fee. It is perfected as of the time of its creation if the delivery is completed within ten days thereafter, otherwise, as of the time of the delivery.
S.C. Code Ann. § 56-19-630
Perfecting security interest; time when effective
Applied in 2 court decisions — leading case McWhorter v. South Carolina National Bank (In Re McWhorter) (1984)
Most recently applied in Anderson v. Dick Smith Nissan, Inc. (In Re Joyner) (January 2004)
1962 Code SECTION 46-150.43; 1957 (50) 595.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.