Any such reorganization plan may authorize the reduction of the claims of depositors and unsecured creditors, postpone the payment thereof or provide for such payment in installments as will appear to be to the best interest of the parties interested. In any such plan all claims or demands of the same class shall be treated alike.
HISTORY: 1962 Code Section 8-312; 1952 Code Section 8-312; 1942 Code Section 7874; 1932 (37) 1183.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 7 - Reorganization Of Insolvent Banks
Section 34-7-10. Reorganization of banks adjudged insolvent.
Section 34-7-20. Effect of reorganization plan on claims of depositors and unsecured creditors.
Section 34-7-30. Parties to proceeding.
Section 34-7-40. Petition and order for reorganization meeting.
Section 34-7-50. Notice of meeting.
Section 34-7-60. Adoption of plan; quorum and vote required; no appeal.