South Carolina Code 36-3-120. to 36-3-122
Former § 36-3-120 was entitled "Instruments ‘payable through’ bank" and was derived from 1962 Code Section 10.3-120; 1966 (54) 2716.
Terms Used In South Carolina Code 36-3-120
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Statute: A law passed by a legislature.
Former § 36-3-121 was entitled "Instruments payable at bank" and was derived from 1962 Code Section 10.3-121; 1966 (54) 2716.
Former § 36-3-122 was entitled "Accrual of cause of action" and was derived from 1962 Code Section 10.3-122; 1966 (54) 2716.
Part 2
Negotiation, Transfer, and Indorsement
Editor’s Note
2008 Act No. 204, Section 1, provides in part as follows:
"The South Carolina Reporters’ Comments contained in Chapters 3 and 4 of Title 36, may not be reproduced in whole or in part in any form or for inclusions in any material which is offered for sale without the express written permission of the Clerk of the South Carolina Senate."
2008 Act No. 204, Section 4.A, provides as follows:
"This act applies to a transaction occurring on or after the effective date [July 1, 2008] of this act. This act does not apply to a transaction or event, or obligation or duty arising out of or associated with a transaction or event, before the effective date of this act."
2008 Act No. 204, Section 4.B, provides as follows:
"A transaction occurring before the effective date [July 1, 2008] of this act and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this act as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law."