S.C. Code § 9-12-100

Current through 2024 Act No. 225.
Section 9-12-100 - QEBA funds unsecured

Nothing in this chapter shall be construed as providing for assets to be held in trust or escrow or any form of asset segregation for members, retired members, or beneficiaries. To the extent any person acquires the right to receive benefits under a QEBA, the right shall be no greater than the right of any unsecured general creditor of the State of South Carolina.

S.C. Code § 9-12-100

2008 Act No. 311, Section 28, eff 6/4/2008.