South Carolina § 27-25-10 - Assignment by insolvent debtor.
Full text of South Carolina South Carolina Code of Laws § 27-25-10 — Assignment by insolvent debtor., with citation guidance and answers to common questions.
§ 27-25-10. Assignment by insolvent debtor.
Any assignment by an insolvent debtor of his property for the benefit of his creditors in which any preference or priority is given to any creditor or creditors of the debtor by the terms of the assignment over any other creditor or creditors, other than as to any debts due to the public, or in which any provision or disposition of the property so assigned is made or directed other than that it be distributed among all creditors of the insolvent debtor equally, in proportion to the amount of their several demands and without preference or priority of any kind whatsoever, save only as to debts due to the public and save only as to such creditors as may accept the terms of such assignment and execute a release of their claim against the debtor, and except as hereinafter provided, shall be absolutely null and void and of no effect whatsoever.
HISTORY: 1962 Code SECTION 57-351; 1952 Code SECTION 57-351; 1942 Code SECTION 9106; 1932 Code SECTION 9106; Civ. C. '22 SECTION 5511; Civ. C. '12 SECTION 3732; Civ. C. '02 SECTION 2647; G. S. 2014; R. S. 2146; 1882 (18) 847.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 27-25-10
What does South Carolina Code of Laws § 27-25-10 cover?
Section 27-25-10 ("Assignment by insolvent debtor.") 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 § 27-25-10?
A common citation format is "South Carolina Code of Laws § 27-25-10" (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 § 27-25-10 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.