South Carolina § 62-6-201 - Ownership during lifetime.
Full text of South Carolina South Carolina Code of Laws § 62-6-201 — Ownership during lifetime., with citation guidance and answers to common questions.
§ 62-6-201. Ownership during lifetime.
(A) During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear and convincing evidence of a different intent.
(B) A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party.
(C) An agent in an account with an agency designation has no beneficial right to sums on deposit.
HISTORY: 1986 Act No. 539, SECTION 1; 1987 Act No. 171, SECTION 69; 1976 Code SECTION 62-6-103; 2013 Act No. 100, SECTION 2, eff January 1, 2014.
Effect of Amendment
The 2013 amendment rewrote the section.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 62-6-201
What does South Carolina Code of Laws § 62-6-201 cover?
Section 62-6-201 ("Ownership during lifetime.") 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 § 62-6-201?
A common citation format is "South Carolina Code of Laws § 62-6-201" (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 § 62-6-201 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.