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Section 62-7-918. Allocation of payments; interest, dividends, or payments. - (A) In this section: (1) "Payment" means a payment that...
Section 62-7-919. Liquidating assets. - (A) In this section, "liquidating asset" means an asset whose...
Section 62-7-920. Allocation of receipts from interests in minerals or other natural resources. - (A) To the extent that a trustee accounts for receipts...
Section 62-7-921. Allocation of receipts from sale of timber and related products. - (A) To the extent that a trustee accounts for receipts...
Section 62-7-922. Marital deduction adjustments. - (A) If a marital deduction is allowed for all or...
Section 62-7-923. Allocation of derivatives; options. - (A) In this section, "derivative" means a contract or financial...
Section 62-7-924. Allocation of payments related to asset-backed securities. - (A) In this section, "asset-backed security" means an asset whose...
Section 62-7-925. Disbursements from income. - A trustee shall make the following disbursements from income to...
Section 62-7-926. Disbursements from principal. - (A) A trustee shall make the following disbursements from principal:...
Section 62-7-927. Transfer to principal of cash receipts from asset subject to depreciation. - (A) In this section, "depreciation" means a reduction in value...
Section 62-7-928. Future principal disbursements reserves. - (A) If a trustee makes or expects to make a...
Section 62-7-929. Payment of taxes from income and principal. - (A) A tax required to be paid by a trustee...
Section 62-7-930. Certain adjustments between principal and income; reduction of marital deduction or charitable contribution deduction. - (A) A fiduciary may make adjustments between principal and income...
Section 62-7-931. Application and construction of Uniform Principal and Income Act. - In applying and construing this Uniform Act, consideration must be...
Section 62-7-933. Uniform Prudent Investor Act. - (A) This section may be cited as the South Carolina...
Section 62-7-1001. Remedies for breach of trust. - (a) A violation by a trustee of a duty the...
Section 62-7-1002. Damages for breach of trust. - (a) A trustee who commits a breach of trust is...
Section 62-7-1003. Damages in absence of breach. - (a) A trustee is accountable to an affected beneficiary for...
Section 62-7-1004. Attorney's fees and costs. - In a judicial proceeding involving the administration of a trust,...
Section 62-7-1005. Limitation of action against trustee. - (a) Unless previously barred by adjudication, consent, or limitation, a...
Section 62-7-1005A. Trust protector. - (A) If a trust instrument provides that a trustee is...
Section 62-7-1005B. Trust investment advisor. - (A) If a trust instrument provides that a trustee is...
Section 62-7-1006. Reliance on trust instrument. - A trustee who acts in reasonable reliance on the terms...
Section 62-7-1007. Event affecting administration or distribution. - If the happening of an event, including marriage, divorce, performance...
Section 62-7-1008. Exculpation of trustee. - A term of a trust relieving a trustee of liability...
Section 62-7-1009. Beneficiary's consent, release, or ratification. - (a) A trustee is not liable to a beneficiary for...
Section 62-7-1010. Limitation on personal liability of trustee. - (a) Except as otherwise provided in the contract, a trustee...
Section 62-7-1011. Interest as general partner. - (a) Except as otherwise provided in subsection (c) or unless...
Section 62-7-1012. Protection of person dealing with trustee. - (a) A person other than a beneficiary who in good...
Section 62-7-1013. Certification of trust. - (a) Instead of furnishing a copy of the trust instrument...
Section 62-7-1101. Uniformity of application and construction. - In applying and construing this article, consideration must be given...
Section 62-7-1102. Electronic records and signatures. - The provisions of this article governing the legal effect, validity,...
Section 62-7-1103. Severability clause. - If any provision of this article or its application to...
Section 62-7-1106. Application to existing relationships. - (a) Except as otherwise provided in this article, on the...
Article 8 - South Carolina Uniform Power Of Attorney Act
Section 62-8-101. Short title. - This article may be cited as the "South Carolina Uniform...
Section 62-8-102. Definitions. - For purposes of this article: (1) "Agent" means a person...
Section 62-8-103. Applicability. - This article applies to all powers of attorney except a:...
Section 62-8-104. Power of attorney is durable. - A power of attorney created pursuant to this part after...
Section 62-8-105. Execution of power of attorney. - A power of attorney must be: (1) signed by the...
Section 62-8-106. Validity of power of attorney. - (a) A power of attorney executed on or after the...
Section 62-8-107. Meaning and effect of power of attorney. - The meaning and effect of a power of attorney is...
Section 62-8-108. Nomination of conservator or guardian; relation of agent to court-appointed fiduciary. - (a) In a power of attorney, a principal may nominate...
Section 62-8-109. When power of attorney effective. - (a) Except as provided in subsection (c), a power of...
Section 62-8-110. Termination of power of attorney or agent's authority. - (a) A power of attorney terminates when the: (1) principal...
Section 62-8-111. Coagents and successor agents. - (a) A principal may designate two or more persons to...
Section 62-8-112. Reimbursement and compensation of agent. - Unless the power of attorney otherwise provides, an agent is...
Section 62-8-113. Agent's acceptance. - Except as otherwise provided in the power of attorney, a...
Section 62-8-114. Agent's duties. - (a) An agent that has accepted appointment shall act: (1)...
Section 62-8-115. Exoneration of agent. - A provision in a power of attorney relieving an agent...
Section 62-8-116. Judicial relief. - (a) The following persons may petition a court to construe...
Section 62-8-117. Agent's liability. - An agent that violates this article is liable to the...
Section 62-8-118. Agent's resignation; notice. - (a) Unless the power of attorney provides a different method...
Section 62-8-119. Acceptance of and reliance upon acknowledged power of attorney; form. - (a) For purposes of this section and Section 62-8-120, "acknowledged"...
Section 62-8-120. Liability for refusal to accept acknowledged power of attorney. - (a) Except as otherwise provided in subsection (b): (1) a...
Section 62-8-121. Principles of law and equity. - Unless displaced by a provision of this article, the principles...
Section 62-8-122. Laws applicable to financial institutions and entities. - This part does not supersede another law applicable to financial...
Section 62-8-123. Remedies under other law. - The remedies under this article are not exclusive and do...
Section 62-8-201. Authority that requires specific grant; grant of general authority. - (a) Notwithstanding anything contained in Sections 62-8-204 through 62-8-217, an...
Section 62-8-202. Incorporation of authority. - (a) An agent has authority described in this part if...
Section 62-8-203. Construction of authority generally. - Except as otherwise provided in the power of attorney, by...
Section 62-8-204. Real property. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-205. Tangible personal property. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-206. Stocks and bonds. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-207. Commodities and options. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-208. Banks and other financial institutions. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-209. Operation of entity or business. - Subject to Section 62-8-201 and the terms of a document...
Section 62-8-210. Insurance and annuities. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-211. Estates, trusts, and other beneficial interests. - (a) In this section, "estate, trust, or other beneficial interest"...
Section 62-8-212. Claims and litigation. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-213. Personal and family maintenance. - (a) Unless the power of attorney otherwise provides and subject...
Section 62-8-214. Benefits from governmental programs or civil or military service. - (a) In this section, "benefits from governmental programs or civil...
Section 62-8-215. Retirement plans. - (a) In this section, "retirement plan" means a plan or...
Section 62-8-216. Taxes. - Unless the power of attorney otherwise provides and subject to...
Section 62-8-217. Gifts. - (a) In this section, a gift "for the benefit of"...
Section 62-8-401. Jurisdiction. - The probate court has concurrent jurisdiction with the circuit courts...
Section 62-8-402. Relation to Electronic Signatures in Global and National Commerce Act. - This article modifies, limits, and supersedes the federal Electronic Signatures...
Section 62-8-403. Effect on existing powers of attorney. - Except as otherwise provided in this article on the effective...