Current Status Introducing Body:Senate Bill Number:1097 Primary Sponsor:McConnell Committee Number:15 Type of Legislation:GB Subject:Financial institution agents, servants Residing Body:Senate Current Committee:Transportation Computer Document Number:DKA/3110AL.94 Introduced Date:19940127 Last History Body:Senate Last History Date:19940127 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:McConnell Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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1097 Senate 19940127 Introduced, read first time, 15
referred to Committee
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TO AMEND SECTION 56-15-10, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR THE REGULATION OF MANUFACTURERS, DISTRIBUTORS AND DEALERS, SO AS TO EXCLUDE AGENTS AND SERVANTS OF FINANCIAL INSTITUTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 56-15-10(h)(5) of the 1976 Code is amended to read:
"(5) finance companies, or other financial institutions, or their agents or servants who sell repossessed motor vehicles and insurance companies who sell motor vehicles they own as an incident to payments made under policies of insurance."
SECTION 2. This act takes effect upon approval by the Governor.