No professional bondsman may act as a surety on any bail bond whose principal sum is in excess of one-half of the value of the securities deposited with the clerk of court at that time.
HISTORY: Former 1976 Code Section 38-63-340 [1985 Act No. 189, Section 1] recodified as Section 38-53-330 by 1987 Act No. 155, Section 1; 1998 Act No. 425, Section 2.
Structure South Carolina Code of Laws
Chapter 53 - Bail Bondsmen And Runners
Section 38-53-10. Definitions.
Section 38-53-20. Enforcement of chapter.
Section 38-53-30. Validity of undertakings.
Section 38-53-40. Qualifications of surety.
Section 38-53-50. Surety relieved on bond; surrender of defendant; filing of new undertaking.
Section 38-53-60. Arrest of defendant.
Section 38-53-70. Issuance of bench warrant; remission of judgment.
Section 38-53-80. License required of bail bondsman and runners.
Section 38-53-85. Educational requirements for applicants; examination; exemption from requirement.
Section 38-53-90. Qualifications for licensure of professional bondsman, surety bondsman or runner.
Section 38-53-95. Address requirements for bondsman or runner license.
Section 38-53-102. Suspension of license.
Section 38-53-110. Financial statement required; examination.
Section 38-53-120. Additional requirements of runners.
Section 38-53-140. Expiration of license; renewal license.
Section 38-53-150. Denial, suspension, revocation, or refusal to renew license; monetary penalty.
Section 38-53-160. Notice and hearing required; right to appeal.
Section 38-53-170. Unlawful acts.
Section 38-53-180. Receipt for collateral required.
Section 38-53-190. Certain persons not allowed to be surety; exceptions.
Section 38-53-200. Power of attorney.
Section 38-53-210. Insurers shall supply list of surety bondsmen; termination of appointment.
Section 38-53-230. Professional bondsmen to supply list of runners; termination of appointment.
Section 38-53-240. Substitution of bail by sureties.
Section 38-53-250. Requirements for discharge of custody; substitution of undertaking.
Section 38-53-260. Registration of license and power of appointment.
Section 38-53-270. Professional bondsmen required to maintain security deposits with clerk of court.
Section 38-53-280. Securities held in trust.
Section 38-53-290. Professional bondsman shall deliver power of attorney to clerk of court; form.
Section 38-53-300. Reduction in value of securities.
Section 38-53-310. Written report to be filed with clerk of court.
Section 38-53-320. Examination by professional and surety bondsman.