Uniform Unclaimed Property Act

  1. Law
  2. South Carolina Code of Laws
  3. Property and Conveyances
  4. Uniform Unclaimed Property Act

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Section
27-18-10

Short title.

Section
27-18-20

Definitions.

Section
27-18-30

Property presumed abandoned; demand for payment not required.

Section
27-18-40

Conditions for taking custody of intangible unclaimed property.

Section
27-18-50

Travelers checks, money orders, or similar written instruments.

Section
27-18-60

Checks, drafts, or similar instruments on which banking or financial institution is liable.

Section
27-18-70

Demand, savings, or matured time deposits with banking or financial organizations.

Section
27-18-75

Escheatment of United States savings bonds.

Section
27-18-76

Claims for escheated United States savings bonds or proceeds from bond.

Section
27-18-80

Funds held or owing under life or endowment insurance policies or annuity contracts that have matured or terminated.

Section
27-18-85

Property payable or distributable in the course of demutualization of insurance company; abandonment.

Section
27-18-90

Utility service deposits, advance payments, or ordered refunds.

Section
27-18-100

Business associations; refunds ordered by court or administrative agency.

Section
27-18-110

Dormancy period for stock or other equity interest in business association and certain debts; calculating whether stock or security interest is unclaimed.

Section
27-18-120

Intangible property distributable in course of dissolution of business association.

Section
27-18-130

Intangible property held in fiduciary capacity for benefit of another; funds in individual retirement account or retirement plan for self-employed individuals or similar plan or account.

Section
27-18-140

Unclaimed intangible property presumed abandoned; tax refund checks.

Section
27-18-150

Credit memo.

Section
27-18-160

Unpaid wages and unpresented payroll checks.

Section
27-18-170

Contents of safe deposit boxes or other safekeeping repositories.

Section
27-18-175

Application of chapter.

Section
27-18-180

Report of unclaimed property; notice to apparent owner.

Section
27-18-190

Administrator's notice of abandoned property; publication; contents; exceptions.

Section
27-18-200

Payment or delivery of abandoned property to administrator; exceptions; holder of stocks or similar intangible ownership interests relieved of liability upon delivery.

Section
27-18-210

Liability of holder after payment or delivery to administrator; payments to owners of property turned over to administrator; recovery of property turned over to administrator; administrator to defend holder against claims for property paid or delivered to administrator; "good faith" defined; payment of costs of safe deposit box or other safekeeping repository.

Section
27-18-220

Dividends, interest, or other increments realized on property in hands of administrator.

Section
27-18-230

Sale of property by administrator.

Section
27-18-240

Deposit into General Fund of funds received by administrator; deductions before deposit of funds.

Section
27-18-250

Claims to property paid or delivered to administrator; recovery of interest on property.

Section
27-18-260

Recovery by another state of property paid or delivered to administrator.

Section
27-18-270

Appeal of decision of administrator, court action to establish claim to property.

Section
27-18-280

Election of administrator not to accept property; report and delivery of property before property presumed abandoned.

Section
27-18-290

Destruction or disposal by administrator of property with insubstantial commercial value; immunity from liability.

Section
27-18-300

Periods of limitation.

Section
27-18-310

Requests for reports; examination of records; demand for payment; estimated amount of abandoned property.

Section
27-18-320

Length of time holders must retain records.

Section
27-18-330

Authority of administrator to enforce chapter.

Section
27-18-340

Cooperation with other states concerning sharing of information, changing of rules, and enforcement of chapter.

Section
27-18-350

Interest and penalties for violations of chapter.

Section
27-18-360

Restrictions on agreements to recover or assist in recovery of reported property; penalties.

Section
27-18-370

Application of chapter to foreign property or transactions.

Section
27-18-380

Duties which arose prior to effective date of chapter unaffected; enforcement and penalties of prior laws unaffected; initial report under this chapter of property not previously required to be reported.

Section
27-18-390

Authority of administrator to adopt rules.

Section
27-18-400

Application and construction of chapter.