S.C. Code § 27-25-130
General powers of creditors
South Carolina · South Carolina Code Title 27, Chapter 25 — Assignments for the Benefit of Creditors · Status: effective
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- S.C. Code § 27-25-130, General powers of creditors, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1574875
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The creditors or such committee as they may appoint may direct and prescribe the time and mode of selling and the terms of sale or order a distribution of the assets on hand, and a final closing of the concern. And, in case of need, they may revoke and dismiss their agent or agents and name and appoint another or others in their stead.