South Carolina § 59-2-150 - State Treasurer, others not responsible for determining specified information.
Full text of South Carolina South Carolina Code of Laws § 59-2-150 — State Treasurer, others not responsible for determining specified information., with citation guidance and answers to common questions.
§ 59-2-150. State Treasurer, others not responsible for determining specified information.
Neither the State Treasurer nor any transfer agent, administrator, bank, broker, or other financial institution acting on the instructions of or otherwise dealing with any person purporting to act as a contributor, beneficiary, or account owner is responsible for determining the following:
(1) whether the contributor, beneficiary, account owner, or person purporting to act as such has been duly designated;
(2) whether any purchase, sale, transfer, or other action to or by a person purporting to act in the capacity of an account owner is in accordance with or authorized by this chapter; or
(3) the validity or propriety under this chapter of any instrument or instructions executed or given by a person purporting to act as a contributor, beneficiary, or account owner.
HISTORY: 2001 Act No. 72, SECTION 3(A).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-2-150
What does South Carolina Code of Laws § 59-2-150 cover?
Section 59-2-150 ("State Treasurer, others not responsible for determining specified information.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 59-2-150?
A common citation format is "South Carolina Code of Laws § 59-2-150" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 59-2-150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.