South Carolina Code of Laws
Chapter 7 - Preneed Funeral Contracts
Section 32-7-40. Deposit of trust funds.

All trust funds described in this chapter must be deposited in the name of the trustee, as trustee, within thirty days after receipt.
HISTORY: 1962 Code Section 11-174; 1973 (58) 339; 1989 Act No. 89, Section 1; 2009 Act No. 70, Section 1, eff July 1, 2009.
Effect of Amendment
The 2009 amendment substituted "described" for "mentioned".

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Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 32 - Contracts and Agents

Chapter 7 - Preneed Funeral Contracts

Section 32-7-10. Definitions.

Section 32-7-20. Preneed funeral contracts; management of funds; contents of contract; substitutions for merchandise selected.

Section 32-7-25. Irrevocable contracts.

Section 32-7-30. Refunds upon written demand.

Section 32-7-35. Transfer of preneed funeral contracts.

Section 32-7-40. Deposit of trust funds.

Section 32-7-45. Transfer of contracts where provider goes out of business; department authorized to accomplish transfer.

Section 32-7-50. License required; application, issuance, and revocation; service charges and listing of contracts sold to be forwarded to department; penalty.

Section 32-7-60. Preneed Funeral Loss Reimbursement Fund established; disposition of funds; reimbursement procedures; advertising restrictions in sales of preneed contracts.

Section 32-7-70. Accounts and records; investigations.

Section 32-7-90. Soliciting and advertising.

Section 32-7-95. Advertising and soliciting prohibitions as to preneed funeral contracts apply to funeral director licensed as agent and life insurer.

Section 32-7-100. Penalties; revocation of license; request for contested case hearing.

Section 32-7-110. Enforcement; investigation of unlicensed providers.

Section 32-7-120. Application of chapter.

Section 32-7-130. Sale at need of granite, memorials, or vaults by licensed funeral director.