2017 South Carolina Code of Laws
Title 31 - Housing and Redevelopment
CHAPTER 3 - HOUSING AUTHORITIES LAW
Section 31-3-550. Foreclosure frees projects from restrictions.

Universal Citation: SC Code § 31-3-550 (2017)

Nothing contained in this chapter and Chapter 11 shall be construed as limiting the power of an authority to vest in an obligee the right, in the event of a default by the authority, to take possession of a housing project or cause the appointment of a receiver thereof, free from all the restrictions imposed by this chapter and Chapter 11.

HISTORY: 1962 Code Section 36-136; 1952 Code Section 36-136; 1942 Code Section 5271-42; 1937 (40) 431; 1938 (40) 1819; 1951 (47) 529.

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