South Carolina House Bill 5207

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 5 2024 - 25% progression, died in committee
Action: 2024-03-20 - Committed to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Amend The South Carolina Code Of Laws By Amending Section 36-8-503, Relating To The Property Interest Of Entitlement Holders In Financial Assets Held By Securities Intermediaries, So As To Delete The Reference To Section 36-8-511; By Amending Section 36-8-511, Relating To Priority Among Security Interests And Entitlement Holders, So As To Delete The Provisions Related To The Priority Of Claims For A Creditor By A Securities Intermediary And For The Priority Of Claims For A Clearing Corporation By Creditors And Entitlement Holders; And By Amending Section 36-9-305, Relating To The Law Governing Perfection And Priority Of Security Interests In Investment Property, So As To Delete The Provision Regarding The Local Law Of The Securities Intermediary's Jurisdiction To Govern Perfection And Priority Of An Interest In A Security Entitlement Or Account.

UCC

Rep. William Herbkersman [R]

Date	Chamber	Action
2024-03-20	House	Committed to Committee on Ways and Means
2024-03-20	House	Recalled from Committee on Judiciary
2024-03-05	House	Referred to Committee on Judiciary
2024-03-05	House	Introduced and read first time

Chapter	Article	Section	Citation Type	Statute Text
36	8	503	(n/a)	See Bill Text
36	8	511	(n/a)	See Bill Text
36	9	305	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=5207&session=125&summary=B
Text	https://www.scstatehouse.gov/sess125_2023-2024/prever/5207_20240305.htm