The assignee's or assignees' and agent's or agents' failure or neglect to lay a statement of their proceedings before the creditors or their committee, as and when directed by Section 27-25-140, or whenever called on, or to obey or abide by their directions, renders them answerable for all damages resulting from their refusal or neglect, and they shall forfeit the commission they might otherwise be entitled to.
HISTORY: 1962 Code Section 57-365; 1952 Code Section 57-365; 1942 Code Section 9104; 1932 Code Section 9104; Civ. C. '22 Section 5509; Civ. C. '12 Section 3730; Civ. C. '02 Section 2645; G. S. 2012; R. S. 2144; 1828 (6) 366.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 25 - Assignments For The Benefit Of Creditors
Section 27-25-10. Assignment by insolvent debtor.
Section 27-25-20. Preferential transactions within ninety days of assignment.
Section 27-25-30. Assignment for benefit of creditors; attack by creditor.
Section 27-25-40. Assignment for benefit of creditors; appointment of agents by creditors.
Section 27-25-50. Sales and transfers prior to appointment of agents.
Section 27-25-60. Calling creditors together.
Section 27-25-70. Procedure when assignees neglect or refuse to call creditors together.
Section 27-25-80. Election of agents.
Section 27-25-90. Rights and powers of agents.
Section 27-25-100. Effect of neglect or refusal of creditors to appoint agents.
Section 27-25-110. Appointment of umpire.
Section 27-25-120. Deposit of proceeds of sales.
Section 27-25-130. General powers of creditors.
Section 27-25-140. Statements of proceedings.
Section 27-25-150. Damages for failure to account or follow directions.