Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 38 - INSURANCE
Chapter 15 - SURETY INSURERS
Section 38-15-70 - Estoppel to deny power to execute bond or assume liability

S.C. Code § 38-15-70

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Current through 2024 Act No. 225.
Section 38-15-70 - Estoppel to deny power to execute bond or assume liability

An insurer which executes any bond or undertaking of surety under this chapter is estopped, in any proceeding to enforce the liability which it has assumed to incur, from denying its corporate power to execute the bond or assume the liability.

S.C. Code § 38-15-70

1962 Code Section 37-609] recodified as Section 38-15-70 by 1987 Act No. 155, Section 1; 1952 Code Section 37-609; Former 1976 Code Section 38-13-90 [1947 (45) 322; 1960 (51) 1664] recodified as Section 38-19-890 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-15-70 [1962 Code Section 37-767.