South Carolina Code 27-18-160. Unpaid wages and unpresented payroll checks
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 27-18-160
- Holder: means a person, wherever organized or domiciled, who is:
(a) in possession of property belonging to another;
(b) a trustee; or
(c) indebted to another on an obligation. See South Carolina Code 27-18-20 - Owner: means a depositor in the case of a deposit, a beneficiary in case of a trust other than a deposit in trust, a creditor, claimant, or payee in the case of other intangible property, or a person having a legal or equitable interest in property subject to this chapter or his legal representative. See South Carolina Code 27-18-20
Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder‘s business which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned.