South Carolina § 40-5-340 - Penalties for purchasing claims for suit.
Full text of South Carolina South Carolina Code of Laws § 40-5-340 — Penalties for purchasing claims for suit., with citation guidance and answers to common questions.
§ 40-5-340. Penalties for purchasing claims for suit.
If any attorney, solicitor or counsellor shall enter into any speculating practices, by purchasing or procuring to be purchased any note or other demand for the purpose of putting the same in suit, when otherwise the owner or holder thereof would not sue upon it, such attorney, solicitor or counsellor shall pay a fine of one hundred dollars and shall thereafter be incapable of practicing as such in any court until restored by the Supreme Court.
HISTORY: 1962 Code SECTION 56-144; 1952 Code SECTION 56-144; 1942 Code SECTION 324; 1932 Code SECTION 324; Civ. P. '22 SECTION 280; Civ. C. '12 SECTION 3920; Civ. C. '02 SECTION 2817; G. S. 2165; R. S. 2293; 1868 (14) 97.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-5-340
What does South Carolina Code of Laws § 40-5-340 cover?
Section 40-5-340 ("Penalties for purchasing claims for suit.") 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 § 40-5-340?
A common citation format is "South Carolina Code of Laws § 40-5-340" (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 § 40-5-340 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.