Membership interest as security; transfer of interest.

  1. Law
  2. South Carolina Code of Laws
  3. Insurance
  4. Domestic Mutual Insurers
  5. Membership interest as security; transfer of interest.

Checkout our iOS App for a better way to browser and research.

A membership interest in a mutual insurance holding company does not constitute a security under the laws of the State of South Carolina. A membership interest in a mutual insurance holding company may not be transferred from the member to another person or entity.

HISTORY: 1998 Act No. 413, Section 1.


Download our app to see the most-to-date content.