Bill Text: SC H4281 | 2019-2020 | 123rd General Assembly | Introduced

South Carolina House Bill 4281 (Prior Session Legislation)

Introduced

Bill Title: Conveyances to defraud creditors

Spectrum: Slight Partisan Bill (Republican 13-5)

Status: (Introduced - Dead) 2019-03-20 - Referred to Committee on Judiciary [H4281 Detail]

Download: South_Carolina-2019-H4281-Introduced.html

A BILL

TO AMEND SECTION 27-23-10, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CONVEYANCES TO DEFRAUD CREDITORS, SO AS TO ALLOW FOR ATTORNEY FEES, INTEREST, AND COSTS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 27-23-10 of the 1976 Code is amended by adding a subsection at the end to read:

"(C) In an action brought based on the provisions of this section, the court may determine attorney fees and costs and, as may be equitable, assess these fees and costs against any or all of the parties to the action. In addition, if the prevailing party is a plaintiff-creditor, unless otherwise stated in the debt instrument, if any, interest shall attach prejudgment from the date of the transfer at the rate specified in Section 34-31-20(A) and postjudgment at the rate specified in Section 34-31-20(B)."

SECTION 2. This act takes effect upon approval by the Governor.