S.C. Code § 38-9-160

Current through 2024 Act No. 225.

Section 38-9-160 - Enforcement of trust created by deposit

An insurer which has made a deposit in this State, pursuant to this title, its trustees or resident managers in the United States, the director or his designee, or any creditor of the insurer may, at any time, bring an action in the Circuit Court for the County of Richland against the State and other parties properly joined to enforce, administer, or terminate the trust created by the deposit. The process in the action must be served on the officer of the State having the deposit, who must appear and answer in behalf of the State and perform any orders and judgments the court may make in the action.

1993 Act No. 181, Section 535; 1962 Code Section 37-187] recodified as Section 38-9-160 by 1987 Act No. 155, Section 1; 1952 Code Section 37-187; Former 1976 Code Section 38-5-760 [1947 (45) 322; 1962 Code Section 37-151] recodified as Section 38-55-100 by 1987 Act No. 155, Section 1; 1952 Code Section 37-151; Former 1976 Code Section 38-9-160 [1947 (45) 322.