South Carolina § 33-47-470 - Payment upon death, withdrawal or expulsion of member.
Full text of South Carolina South Carolina Code of Laws § 33-47-470 — Payment upon death, withdrawal or expulsion of member., with citation guidance and answers to common questions.
§ 33-47-470. Payment upon death, withdrawal or expulsion of member.
Upon the death, withdrawal or expulsion of a member, the board of directors of the association shall, within one year, cause to be paid such member of his estate one hundred percent of all amounts due him for any and all raw products which have been delivered by him to the association. All other amounts which might be due for capital stock, certificates of interest, reserves or on account of any other equity credits shall be payable in accordance with the charter or bylaws of the association.
HISTORY: 1962 Code SECTION 12-937; 1952 Code SECTION 12-937; 1942 Code SECTION 6508; 1932 Code SECTION 6508; Civ. C. '22 SECTION 3412; 1921 (32) 339; 1935 (39) 163; 1981 Act No. 58, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 33-47-470
What does South Carolina Code of Laws § 33-47-470 cover?
Section 33-47-470 ("Payment upon death, withdrawal or expulsion of member.") 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 § 33-47-470?
A common citation format is "South Carolina Code of Laws § 33-47-470" (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 § 33-47-470 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.