South Carolina Code 27-18-220. Dividends, interest, or other increments realized on property in hands of administrator
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 27-18-220
- Administrator: means the State Treasurer, his agents, or representatives. See South Carolina Code 27-18-20
- Owner: means a depositor in the case of a deposit, a beneficiary in case of a trust other than a deposit in trust, a creditor, claimant, or payee in the case of other intangible property, or a person having a legal or equitable interest in property subject to this chapter or his legal representative. See South Carolina Code 27-18-20
Whenever property other than money is paid or delivered to the administrator under this chapter, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the property at or before liquidation or conversion thereof into money.