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2017 South Carolina Code of Laws
Title 31 - Housing and Redevelopment
CHAPTER 1 - STATE HOUSING LAW
Section 31-1-480. Purchases by one limited dividend housing corporation of property of another.
Universal Citation: SC Code § 31-1-480 (2017)
Before any limited dividend housing company incorporated under this chapter shall purchase the property of any other limited dividend housing corporation, it shall file an application with the director in the manner herein provided as for a new project and shall obtain the consent of the director to the purchase and agree to be bound by the provisions of this chapter and the director shall not give his consent unless it is shown to his satisfaction that the project is one that can be successfully operated according to the provisions of this chapter.
HISTORY: 1962 Code Section 36-38; 1952 Code Section 36-38; 1942 Code Section 5271-27; 1933 (38) 176; 1993 Act No. 181, Section 500.
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