South Carolina Code 38-27-1000. Subordination of claims for noncooperation
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Terms Used In South Carolina Code 38-27-1000
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this State any assets within his control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, must be placed in the class of claims under § 38-27-610(7).