South Carolina General Assembly
109th Session, 1991-1992

Bill 1300

                    Current Status

Introducing Body:               Senate
Bill Number:                    1300
Ratification Number:            406
Act Number:                     357
Primary Sponsor:                McConnell
Type of Legislation:            GB
Subject:                        Commercial Code, financial
                                statement provisions
Companion Bill Number:          4410
Date Bill Passed both Bodies:   Apr 28, 1992
Computer Document Number:       CYY/18791.SD
Governor's Action:              S
Date of Governor's Action:      May 04, 1992
Introduced Date:                Feb 13, 1992
Last History Body:              ------
Last History Date:              May 04, 1992
Last History Type:              Act No. 357
Scope of Legislation:           Statewide
All Sponsors:                   McConnell
                                Stilwell
                                Rose
                                Moore
                                Leventis
                                Bryan
                                Robert
                                W. Hayes
                                Jr.
                                Courtney
                                Wilson
Type of Legislation:            General Bill
History


 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 1300  ------  May 04, 1992  Act No. 357
 1300  ------  May 04, 1992  Signed by Governor
 1300  ------  Apr 30, 1992  Ratified R 406
 1300  House   Apr 28, 1992  Read third time, enrolled for
                             ratification
 1300  House   Apr 23, 1992  Read second time
 1300  House   Apr 09, 1992  Recalled from Committee         25
 1300  House   Mar 25, 1992  Introduced, read first time,    25
                             referred to Committee
 1300  Senate  Mar 24, 1992  Read third time, sent to House
 1300  Senate  Mar 19, 1992  Read second time, ordered to
                             third reading with notice of
                             general amendments
 1300  Senate  Mar 18, 1992  Committee Report: Favorable     11
 1300  Senate  Feb 13, 1992  Introduced, read first time,    11
                             referred to Committee
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A357, R406, S1300)

AN ACT TO AMEND SECTION 36-9-402, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUISITES OF A FINANCING STATEMENT UNDER THE UNIFORM COMMERCIAL CODE, SO AS TO FURTHER PROVIDE FOR CERTAIN CIRCUMSTANCES UNDER WHICH A FINANCING STATEMENT IS CONSIDERED SUFFICIENT.

Be it enacted by the General Assembly of the State of South Carolina:

When a financing statement is sufficient

SECTION 1. Section 36-9-402(2)(d) of the 1976 Code is amended to read:

"(d) collateral acquired after a change of name, identity, or corporate structure of the creditor or the debtor (subsection (7))."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 4th day of May, 1992.