South Carolina Code 15-39-460. Proceedings on claims of others to property or on denial of indebtedness
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Terms Used In South Carolina Code 15-39-460
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- property: as used in this Title , includes both real and personal property. See South Carolina Code 15-1-50
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
If it appears that a person or corporation alleged to have property of the judgment debtor or indebted to him claims an interest in the property adverse to him or denies the debt such interest or debt shall be recoverable only in an action against such person or corporation by the receiver. But the judge may, by order, forbid a transfer or other disposition of such property or interest until a sufficient opportunity be given to the receiver to commence the action and prosecute it to judgment and execution. Such order may be modified or dissolved at any time by the judge granting it on such security as he shall direct.