South Carolina § 38-69-280 - Maturity date under certain contracts.
Full text of South Carolina South Carolina Code of Laws § 38-69-280 — Maturity date under certain contracts., with citation guidance and answers to common questions.
§ 38-69-280. Maturity date under certain contracts.
For the purpose of determining the benefits calculated under SECTIONS 38-69-260 and 38-69-270, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date is considered to be the latest date for which election is permitted by the contract but may not be considered to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.
HISTORY: Former 1976 Code SECTION 38-8-80 [1978 Act No. 517 SECTION 8] recodified as SECTION 38-69-280 by 1987 Act No. 155, SECTION 1.
Frequently Asked Questions About South Carolina § 38-69-280
What does South Carolina Code of Laws § 38-69-280 cover?
Section 38-69-280 ("Maturity date under certain contracts.") 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 § 38-69-280?
A common citation format is "South Carolina Code of Laws § 38-69-280" (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 § 38-69-280 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.