In the appointment of the agent or agents, the majority in amount of the debts represented by the creditors present at the meeting shall govern.
HISTORY: 1962 Code Section 57-358; 1952 Code Section 57-358; 1942 Code Section 9100; 1932 Code Section 9100; Civ. C. '22 Section 5505; Civ. C. '12 Section 3726; Civ. C. '02 Section 2641; G. S. 2008; R. S. 2140; 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.