S.C. Code § 62-5-429

Current through 2024 Act No. 209.
Section 62-5-429 - Payment of debt and delivery of property to foreign conservator without local proceedings
(A) A person indebted to a protected person, or having possession of property of or an instrument evidencing a debt, stock, or chose in action belonging to a protected person may pay or deliver to a conservator, guardian of the estate, or other like fiduciary appointed by a court of the state of residence of the protected person, upon being presented with proof of his appointment and an affidavit made by him or on his behalf stating that:
(1) no protective proceeding relating to the protected person is pending in this State; and
(2) the foreign conservator is entitled to payment or to receive delivery.
(B) If the person to whom the affidavit is presented is not aware of a protective proceeding pending in this State, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.

S.C. Code § 62-5-429

Amended by 2017 S.C. Acts, Act No. 87 (SB 415), s 5, eff. 1/1/2019.
1986 Act No. 539, Section 1. Formerly Code 1976 Section 62-5-431, renumbered and amended by 2017 Act No. 87 (S.415), Section 5.A, eff 1/1/2019.