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40 chapters · 702 sections in this title.
S.C. Code Ann. § 11-14-110 Defeasance of outstanding public obligations authorized; deposits in special trust fund
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The State, acting through the State Fiscal Accountability Authority, all agencies and institutions and all counties, municipal corporations, authorities, special purpose districts and other political units may effect the defeasance of any outstanding bonds, notes, or other obliga…
S.C. Code Ann. § 11-14-120 Defeasance of assumed debt
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In all instances where all or any portion of the debt of one public agency or political unit has been assumed by another public agency or political unit, it shall be presumed that the assumed obligations will be appropriately paid by the public agency or political unit assuming s…
S.C. Code Ann. § 11-14-130 Defeasance not to impair obligations of contract between issuer and holder
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It is not intended that any action pursuant to the authorization of this chapter shall impair any obligation of any contract between the issuer and any holder of any bond, note or other obligation of the issuer and, if for any reason any trust established shall fall, in whole or …
