S.C. Code Ann. § 62-5-429 – Payment of debt and delivery of property to foreign conservator without local proceedings

(A) A person indebted to a protected person, or having possession of property of or an instrument evidencing a debt, stock, or chose in action belonging to a protected person may pay or deliver to a conservator, guardian of the estate, or other like fiduciary appointed by a court of the state of residence of the protected person, upon being presented with proof of his appointment and an affidavit made by him or on his behalf stating that:
1. (1) no protective proceeding relating to the protected person is pending in this State; and
2. (2) the foreign conservator is entitled to payment or to receive delivery.
(B) If the person to whom the affidavit is presented is not aware of a protective proceeding pending in this State, payment or delivery in response to the demand and affidavit discharges the debtor or possessor.

HISTORY: 1986 Act No. 539, SECTION 1. Formerly Code 1976 SECTION 62-5-431, renumbered and amended by 2017 Act No. 87 (S.415), SECTION 5.A, eff January 1, 2019.