reglab/housing_qa huggingface dataset:
SC Code § 35-5-10 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 5 - Nominee Registration Of Securities Held By Corporate Fiduciaries|Section 35-5-10. Bank and trust company fiduciaries may register and hold securities for nominees.

 Any bank or trust company incorporated under the laws of this State or any national bank located in this State may, when acting in any fiduciary capacity whether as sole fiduciary or as a co-fiduciary, register and hold, in the name of a nominee or nominees thereof, any stocks, bonds or other securities held in such fiduciary capacity, if when acting as co-fiduciary it secures the consent of its co-fiduciaries, who are hereby authorized to give such consent; provided that:  (1) The records of the fiduciary or fiduciaries and all accounts rendered by it or them shall at all times clearly show the ownership of the securities so registered.  (2) Such securities shall at all times be kept separate and apart from the assets of such bank, trust company or national bank.  (3) The bank, trust company or national bank shall be liable for any loss resulting from any acts or omissions to act of such nominee, in connection with the securities so held by such nominee, to the same extent as if such securities had been held in the fiduciary's own name as fiduciary.  HISTORY: 1962 Code Section 62-431; 1959 (51) 376.
SC Code § 35-5-20 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 5 - Nominee Registration Of Securities Held By Corporate Fiduciaries|Section 35-5-20. Registration on request of principal or unincorporated fiduciary.

 Any bank or trust company incorporated under the laws of this State or any national bank located in this State may, when acting as agent, custodian or attorney in fact, upon the request of the principal, including unincorporated fiduciaries, register stocks, bonds or other securities held in such capacity in the name of a nominee or nominees of such corporate fiduciary; provided, that such bank, trust company or national bank shall not deliver or redeliver any such stocks, bonds or other securities to such unincorporated fiduciary or principal who has caused any stocks, bonds or other securities to be so registered in the name of the nominee of such bank, trust company or national bank without first causing such stocks, bonds or other securities to be registered in the name of such unincorporated fiduciary or principal as such. Any sale or transfer of such stocks, bonds or other securities made by such bank, trust company or national bank at the direction of such principal, or unincorporated fiduciary shall not be construed to be delivered or redelivered but any such bank, trust company or national bank or any nominee or nominees in whose name such securities shall be registered shall be deemed to have fully discharged its, his or their responsibilities if any such bonds, stocks or other securities are sold or transferred in accordance with the direction of the principal or unincorporated fiduciary making such deposit, and the proceeds of such sale or transfer accounted for and delivered to such unincorporated fiduciary or principal.  HISTORY: 1962 Code Section 62-432; 1959 (51) 376.
SC Code § 35-5-30 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 5 - Nominee Registration Of Securities Held By Corporate Fiduciaries|Section 35-5-30. Corporations, registrars, or transfer agents shall not be liable for registrations and transfers authorized by nominees.

 No domestic or foreign corporation or the registrar or transfer agent of any corporation shall be liable for registering or causing to be registered on the books of such corporation any stock or stocks, bond or bonds or other securities in the name of any nominee of such bank, trust company or national bank or for transferring or causing to be transferred on the books of any such corporation any stock or stocks, bond or bonds or other securities theretofore registered by such corporation in the name of any nominee or nominees of such bank, trust company or national bank as provided in this chapter when the transfer is made upon the authorization of such nominee.  HISTORY: 1962 Code Section 62-433; 1959 (51) 376.
SC Code § 35-5-40 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 5 - Nominee Registration Of Securities Held By Corporate Fiduciaries|Section 35-5-40. Prohibition of registration by instrument creating fiduciary relationship.

 The provisions of this chapter shall apply to any bank, trust company or national bank located in this State acting in a fiduciary capacity whether such fiduciary capacity arose before or is created after the effective date of this chapter, unless registration as provided in this chapter is prohibited by the will, judgment, decree or any other instrument creating the fiduciary relationship.  HISTORY: 1962 Code Section 62-434; 1959 (51) 376.
SC Code § 35-6-10 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-10. Short title; definitions.

 (A) This chapter may be cited as the Uniform Transfer on Death Security Registration Act.  (B) As used in this chapter:  (1) "Beneficiary form" means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.  (2) "Devisee" means a person designated in a will to receive a disposition of property.  (3) "Heirs" means those persons, including the surviving spouse, who are entitled under the laws of intestate succession to the property of a decedent.  (4) "Person" means an individual, a corporation, an organization, or other legal entity.  (5) "Personal representative" includes a personal representative, administrator, or other person who performs substantially the same functions by law.  (6) "Register", including its derivatives, means to issue a certificate showing the ownership of a certificated security or, in the case of an uncertificated security, to initiate or transfer an account showing ownership of securities.  (7) "Registration entity" means a person who originates or transfers a security title by registration, and includes a broker maintaining security accounts for customers and a transfer agent or other person acting for or as an issuer of securities.  (8) "Security" means and is defined as provided in Section 35-1-102(29) and as a security account.  (9) "Security account" means:  (a) a reinvestment account associated with a security; a securities account with a broker; a cash balance in a brokerage account, cash, interest earnings, or dividends earned or declared on a security in an account; a reinvestment account, or a brokerage account, whether or not credited to the account before the owner's death; or  (b) a cash balance or other property held for or due to the owner of a security as a replacement for or product of an account security, whether or not credited to the account before the owner's death.  (10) "State" includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997; 2005 Act No. 110, Section 3, eff January 1, 2006.  Code Commissioner's Note  At the direction of the Code Commissioner, in (B)(8), the incorrect reference to "Section 35-1-102(28)" was corrected to read "Section 35-1-102(29)".  Effect of Amendment  The 2005 amendment, in paragraph (B)(8), substituted "35-1-102(28)" for "35-1-320(5) and (8)".
SC Code § 35-6-20 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-20. Individuals eligible to obtain registration in beneficiary form; multiple owners of security.

 Only individuals whose registration of a security shows sole ownership by one individual or multiple ownership by two or more with right of survivorship, rather than as tenants in common, may obtain registration in beneficiary form. Multiple owners of a security registered in beneficiary form hold as joint tenants with right of survivorship, and not as tenants in common.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-30 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-30. Security allowed to be registered in beneficiary form when form authorized by certain laws; presumption of validity.

 A security may be registered in beneficiary form, if the form is authorized by this chapter, by the laws of the state of organization of the issuer or registering entity; by the laws of the state of the location of the registering entity's principal office, the office of its transfer agent, or its office making the registration; or by the laws of the state listed as the owner's address at the time of registration. A registration governed by the law of a jurisdiction in which these provisions are not in force or was not in force when a registration in beneficiary form was made is nevertheless presumed to be valid and authorized as a matter of contract law.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-40 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-40. Designation of beneficiary to take ownership upon death of owner or owners to be included for security to be registered in beneficiary form.

 A security, whether evidenced by a certificate or account, is registered in beneficiary form when the registration includes a designation of a beneficiary to take ownership at the death of the owner or the death of all multiple owners.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-50 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-50. Certain words signify registration in beneficiary form.

 Registration in beneficiary form may be shown by the words, "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-60 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-60. Ownership not affected until owner's death; cancellation or change.

 The designation of a transfer on death beneficiary on a registration in beneficiary form has no effect on ownership until the owner's death. A registration of a security in beneficiary form may be canceled or changed at any time by the sole owner or all then surviving owners, without the consent of the beneficiary.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-70 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-70. Death of sole owner or last of multiple owners; passing of ownership; reregistration; lack of surviving beneficiary.

 On death of a sole owner or the last to die of all multiple owners, ownership of securities registered in beneficiary form passes to the beneficiary or beneficiaries who survive all owners. On proof of death of all owners and compliance with any applicable requirements of the registering entity, a security registered in beneficiary form may be reregistered in the name of the beneficiary or beneficiaries who survived the death of all owners. Until division of the security after the death of all owners, multiple beneficiaries surviving the death of all owners hold their interests as tenants in common. If no beneficiary survives the death of all owners, the security belongs to the estate of the deceased sole owner or the estate of the last to die of all multiple owners.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-80 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-80. Registering entities; duties and protections.

 (A) A registering entity is not required to offer or to accept a request for security registration in beneficiary form. If a registration in beneficiary form is offered by a registering entity, the owner requesting registration in beneficiary form assents to the protections given to the registering entity by this chapter.  (B) By accepting a request for registration of a security in beneficiary form, the registering entity agrees that the registration will be implemented on death of the deceased owner as provided in this chapter.  (C) A registering entity is discharged from all claims to a security by the estate, creditors, heirs, or devises of a deceased owner if it registers a transfer of a security in accordance with Section 35-6-70 and does so in good faith reliance (1) on the registration, (2) on this chapter, and (3) on information provided to it by affidavit of the personal representative of the deceased owner, or by the surviving beneficiary or by the surviving beneficiary's representatives, or other information available to the registering entity. The protections of this chapter do not extend to a reregistration or payment made after a registering entity has received written notice from any claimant to any interest in the security objecting to implementation of a registration in beneficiary form. No other notice or other information available to the registering entity affects its right to protection under this chapter.  (D) The protection provided by this chapter to the registering entity of a security does not affect the rights of beneficiaries in disputes between themselves and other claimants to ownership of the security transferred or its value of proceeds.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-90 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-90. Effectiveness of transfer on death by reason of contract; effect of chapter on rights of creditors of security owners against beneficiaries and transferees.

 (A) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary.  (B) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-6-100 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 6 - Uniform Transfer On Death Security Registration Act|Section 35-6-100. Registering entities; establishment of terms and conditions under which they will receive requests.

 A registering entity offering to accept registrations in beneficiary form may establish the terms and conditions under which it will receive requests (1) for registrations in beneficiary form, and (2) for implementation of registrations in beneficiary form, including requests for cancellation of previously registered transfer on death beneficiary designations and requests for reregistration to effect a change of beneficiary. The terms and conditions established may provide for proving death, avoiding or resolving any problems concerning fractional shares, designating primary and contingent beneficiaries, and substituting a named beneficiary's descendants to take in the place of the named beneficiary in the event of the beneficiary's death. Substitution may be indicated by appending to the name of the primary beneficiary the letters "LDPS", standing for "lineal descendants per stirpes". This designation substitutes a deceased beneficiary's descendants who survive the owner for a beneficiary who fails to so survive, the descendants to be identified and to share in accordance with the law of the beneficiary's domicile at the owner's death governing inheritance by descendant of an intestate. Other forms of identifying beneficiaries who are to take on one or more contingencies, and rules for providing proofs and assurances needed to satisfy reasonable concerns by registering entities regarding conditions and identities relevant to accurate implementation of registrations in beneficiary form, may be contained in a registering entity's terms and conditions.  HISTORY: 1997 Act No. 102, Section 1, eff June 13, 1997.
SC Code § 35-11-100 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 11 - South Carolina Anti-money Laundering Act|Section 35-11-100. Short title.

 This chapter may be cited as the "South Carolina Anti-Money Laundering Act".  HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.
SC Code § 35-11-110 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 11 - South Carolina Anti-money Laundering Act|Section 35-11-110. Applicability of chapter.

 This chapter does not apply to:  (1) the United States or a department, agency, or instrumentality of the United States;  (2) money transmission by the United States Postal Service or by a contractor on behalf of the United States Postal Service;  (3) a state, county, city, or another governmental agency or governmental subdivision of a state;  (4) a bank, bank holding company, office of an international banking corporation, branch of a foreign bank, corporation organized pursuant to the Bank Service Corporation Act, 12 U.S.C. Section 1861-1867 (Supp. V 1999), or corporation organized under the Edge Act, 12 U.S.C. Section 611-633 (1994 & Supp. V 1999), under the laws of a state or the United States if it does not issue, sell, or provide payment instruments or stored value through an authorized delegate who is not such a person;  (5) electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality of the United States, or a state or governmental subdivision, agency, or instrumentality of a state;  (6) a board of trade designated as a contract market under the federal Commodity Exchange Act, 7 U.S.C. Section 1-25 (1994), or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for a board of trade;  (7) a registered futures commission merchant under the federal commodities laws to the extent of its operation as a futures commission merchant;  (8) a person who provides clearance or settlement services pursuant to a registration as a clearing agency or an exemption from that registration granted under the federal securities laws to the extent of its operation as a provider of clearance or settlement services;  (9) an operator of a payment system to the extent that it provides processing, clearing, or settlement services, between or among persons excluded by this section, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, similar funds transfers;  (10) a person registered as a securities broker-dealer under federal or state securities laws to the extent of his operation as a securities broker-dealer; or  (11) a credit union regulated and insured by the National Credit Union Association.  HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.
SC Code § 35-11-200 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 11 - South Carolina Anti-money Laundering Act|Section 35-11-200. License required.

 (A) A person may not engage in the business of money transmission or advertise, solicit, or hold himself out as providing money transmission unless the person is:  (1) licensed under this chapter or approved to engage in money transmission pursuant to Section 35-11-210;  (2) an authorized delegate of a person licensed pursuant to this article; or  (3) an authorized delegate of a person approved to engage in money transmission pursuant to Section 35-11-210.  (B) A license issued pursuant to this chapter is not transferable or assignable.  HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.
SC Code § 35-11-210 (2021)
2021 South Carolina Code of Laws|Title 35 - Securities|Chapter 11 - South Carolina Anti-money Laundering Act|Section 35-11-210. Approval to engage in money transmission when licensed in another state.

 (A) A person who is licensed to engage in money transmission in at least one other state, with the approval of the commissioner and in accordance with this section, may engage in money transmission and currency exchange in this State without being licensed pursuant to Section 35-11-205 if the:  (1) state in which the person is licensed has enacted the Uniform Money Services Act or the commissioner determines that the money transmission laws of that state are substantially similar to those imposed by the law of this State;  (2) person submits to, and in the form required by, the commissioner:  (a) in a record, an application for approval to engage in money transmission and currency exchange in this State without being licensed pursuant to Section 35-11-205;  (b) a nonrefundable fee of one thousand dollars; and  (c) a certification of license history in the other state.  (B) When an application for approval pursuant this section is complete, the commissioner shall promptly notify the applicant in a record, of the date on which the request was determined to be complete and:  (1) the commissioner shall approve or deny the request within one hundred twenty days after that date; or  (2) if the request is not approved or denied within one hundred twenty days after that date the:  (a) request is approved; and  (b) approval takes effect as of the first business day after expiration of the one hundred twenty-day period.  (C) A person who engages in money transmission and currency exchange in this State pursuant to this section shall comply with the requirements of, and is subject to the sanctions provided in this chapter, as if the person were licensed pursuant to Section 35-11-220.  HISTORY: 2016 Act No. 266 (H.4554), Section 1, eff May 25, 2018.