South Carolina § 38-10-60 - Conservation, rehabilitation, or liquidation; amount recoverable by receiver.
Full text of South Carolina South Carolina Code of Laws § 38-10-60 — Conservation, rehabilitation, or liquidation; amount recoverable by receiver., with citation guidance and answers to common questions.
§ 38-10-60. Conservation, rehabilitation, or liquidation; amount recoverable by receiver.
(A) Notwithstanding any other provision of law or regulation, upon an order of conservation, rehabilitation, or liquidation of a protected cell company, the receiver shall deal with the protected cell company's assets and liabilities, including protected cell assets and protected cell liabilities, in accordance with the requirements set forth in this chapter.
(B) With respect to amounts recoverable under a protected cell company insurance securitization, the amount recoverable by the receiver may not be reduced or diminished as a result of the entry of an order of conservation, rehabilitation, or liquidation with respect to the protected cell company, notwithstanding any provisions to the contrary in the contracts or other documentation governing the protected cell company insurance securitization.
HISTORY: 2000 Act No. 238, SECTION 2.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-10-60
What does South Carolina Code of Laws § 38-10-60 cover?
Section 38-10-60 ("Conservation, rehabilitation, or liquidation; amount recoverable by receiver.") 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 § 38-10-60?
A common citation format is "South Carolina Code of Laws § 38-10-60" (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 § 38-10-60 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.