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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 31 - Exchange Of Coupon Bonds For Fully Registered Bonds
Section 11-31-10. Authorization for exchange of bonds.
Universal Citation: SC Code § 11-31-10 (2021)
Whenever the holder of any general obligation bonds of the State of South Carolina shall request the state board to exchange outstanding coupon bonds for fully registered bonds of the same issue and of the same maturity and interest rate, the state board shall be empowered to authorize the proper offices of the State, being the then Governor, the then State Treasurer and the then Secretary of State, to execute and deliver fully registered bonds in denominations of multiples of five thousand dollars upon such terms and conditions and upon payment of such charges as the state board shall deem appropriate.
HISTORY: 1978 Act No. 592 Section 2.
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