South Carolina Code 34-5-60. Expenses of conservator; attorney
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 34-5-60
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- bank: includes building and loan associations. See South Carolina Code 34-5-10
- Lien: A claim against real or personal property in satisfaction of a debt.
All expenses of any such conservatorship shall be paid out of the assets of such bank and shall be a lien thereon which shall be prior to any other lien. The conservator shall receive as salary an amount to be fixed by the Board. The conservator may employ an attorney or attorneys at such reasonable compensation as may be agreed upon; provided, that such employment shall be subject to the written approval of the Board.