South Carolina § 32-1-220 - Contracts when actual delivery not contemplated.
Full text of South Carolina South Carolina Code of Laws § 32-1-220 — Contracts when actual delivery not contemplated., with citation guidance and answers to common questions.
§ 32-1-220. Contracts when actual delivery not contemplated.
Any contract of sale for future delivery of cotton, grain, stocks or other commodities when it is not the bona fide intention of parties that the things mentioned therein are to be delivered but which is to be settled according to or upon the basis of the public market quotations or prices made on any board of trade, exchange or other similar institution, without any actual bona fide execution and the carrying out of such contract upon the floor of such exchange, board of trade or similar institution, in accordance with the rules thereof, shall be null and void and unenforceable in any court of this State and no action shall be maintainable thereon at the suit of any party.
HISTORY: 1962 Code SECTION 11-62; 1952 Code SECTION 11-62; 1942 Code SECTION 6315; 1932 Code SECTION 6315; 1928 (35) 1321.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 32-1-220
What does South Carolina Code of Laws § 32-1-220 cover?
Section 32-1-220 ("Contracts when actual delivery not contemplated.") 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 § 32-1-220?
A common citation format is "South Carolina Code of Laws § 32-1-220" (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 § 32-1-220 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.