S.C. Code § 62-3-909

Current through 2024 Act No. 225.
Section 62-3-909 - Improper distribution; liability of distributee

Unless the distribution or payment no longer can be questioned because of adjudication, estoppel, or limitation, a distributee of property improperly distributed or paid, or a claimant who was improperly paid, is liable to return the property improperly received and its income since distribution if he has the property. If he does not have the property, then he is liable to return the value as of the date of disposition of the property improperly received and its income and gain received by him.

S.C. Code § 62-3-909

Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 1, eff. 1/1/2014.
1986 Act No. 539, Section 1.