Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 38 - INSURANCEChapter 19 - DOMESTIC MUTUAL INSURERS
Article 13 - REORGANIZATION OF MUTUAL INSURERS AS DOMESTIC MUTUAL INSURANCE HOLDING COMPANY SYSTEMS
Section 38-19-1170 - Membership interest as security; transfer of interest

S.C. Code § 38-19-1170

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Current through 2024 Act No. 209.
Section 38-19-1170 - Membership interest as security; transfer of interest

A membership interest in a mutual insurance holding company does not constitute a security under the laws of the State of South Carolina. A membership interest in a mutual insurance holding company may not be transferred from the member to another person or entity.

S.C. Code § 38-19-1170

1998 Act No. 413, Section 1.