# S.C. Code Regs. 13-306: S.C. Code Regs. 13-306. Form and Minimum Provisions for Debt Securities

> South Carolina · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_306

## Section

- **Citation:** S.C. Code Regs. 13-306
- **Heading:** S.C. Code Regs. 13-306. Form and Minimum Provisions for Debt Securities
- **Jurisdiction:** South Carolina
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** South Carolina Code of Regulations / Chapter 13 ATTORNEY GENERAL / S.C. Code Regs. 13-306

## Text

A. Provisions or terms of an issue of debt securities shall be considered inadequate for the protection of the security holders, and shall be considered grounds for denial of an application for registration under Section 35-1-306(a)(7) which do not as a minimum adequately define the following, either in the security itself or in a trust indenture:

(1) Maturity date which is the date upon which the principal shall become due and payable. Demand securities, with no maturity date, will not be accepted.

(2) Interest rate and interest payment dates.

(3) Assets securing the issue and the liens thereon, or if none, a statement to that effect.

(4) Conversion feature, if any, including protection of such feature from dilution.

(5) Position of the issue in the debt structure of the company, both present and future.

(6) Events of default, including provision that default in payment either of principal or interest on any one security of an issue shall constitute a default on the entire issue.

(7) Rights of the security holders in default, including the right to a list of names and addresses of all holders of an issue of registered securities in default, if there is no trustee to act for all holders, and the right of the holders of twenty-five percent (25%) in principal amount of the issue outstanding to declare the entire issue due and payable.

(8) Duties of the trustee, if any.

(9) Call features, if any.

(10) Denominations in which issued.

B. The security should be in such form, and bear such descriptive nomenclature, as is customary and recognized in the field of securities.

## Nearby sections

- [S.C. Code Regs. 13-13 S.C. Code Regs. 13-13. Contests of Authority to Issue Regulations](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_13.md)
- [S.C. Code Regs. 13-201 S.C. Code Regs. 13-201. Approved Securities Exchanges](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_201.md)
- [S.C. Code Regs. 13-204 S.C. Code Regs. 13-204. Regulation D Offerings](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_204.md)
- [S.C. Code Regs. 13-206 S.C. Code Regs. 13-206. Intrastate Offering Exemption](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_206.md)
- [S.C. Code Regs. 13-207 S.C. Code Regs. 13-207. Fairness Hearings under Section 35-1-202(9)](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_207.md)
- [S.C. Code Regs. 13-301 S.C. Code Regs. 13-301. Notice Filing Requirements for Federal Covered Securities](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_301.md)
- [S.C. Code Regs. 13-302 S.C. Code Regs. 13-302. Prospectus Content and Filing Requirements for Securities Registered by Qualification](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_302.md)
- [S.C. Code Regs. 13-303 S.C. Code Regs. 13-303. Impoundment of Proceeds or Stock](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_303.md)
- [S.C. Code Regs. 13-304 S.C. Code Regs. 13-304. Underwriting Expenses, Underwriter Warrants, Selling Expenses, and Selling Security Holders](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_304.md)
- [S.C. Code Regs. 13-306 S.C. Code Regs. 13-306. Form and Minimum Provisions for Debt Securities](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_306.md)
- [S.C. Code Regs. 13-308 S.C. Code Regs. 13-308. Required Filings for Federal Covered Securities Under Regulation D Rule 506 of the Securities Act of 1933](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_308.md)
- [S.C. Code Regs. 13-401 S.C. Code Regs. 13-401. Examinations for Securities Agents, Investment Advisers, and Investment Adviser Representatives](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_401.md)
- [S.C. Code Regs. 13-406 S.C. Code Regs. 13-406. Investment Adviser Minimum Capital and Bonding Requirements](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_406.md)
- [S.C. Code Regs. 13-409 S.C. Code Regs. 13-409. Sole Proprietor Investment Advisers](https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_409.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_CODEREGS_13_306. Check the current official text before relying on it. Not legal advice.