South Carolina Statutes
§ 6-11-2140 — Winding up of district affairs.
South Carolina·Title 6 LOCAL GOVERNMENT—PROVISIONS APPLICABLE TO SPECIAL PURPOSE DISTRICTS AND OTHER POLITICAL SUBDIVISIONS·Ch. 11 SPECIAL PURPOSE OR PUBLIC SERVICE DISTRICTS GENERALLY
When each successor provider has adopted a confirming resolution or ordinance, the governing body of each and of the district shall agree to an orderly winding up of the affairs of the district. Dissolution is not effective before the time as all general obligation debt, revenue debt, lease-purchase obligations, and other obligations, except those obligations which a successor provider may lawfully assume with the consent of the holder thereof, have been paid in full or legally defeased.
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South Carolina § 6-11-2140 (Winding up of district affairs.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1998 Act No. 397, SECTION 3.
Nearby Sections
15
§ 6-11-1000
Bonds exempt from taxes.§ 6-11-101
Hospital districts; powers.§ 6-11-1010
Disposition of proceeds of bonds.§ 6-11-1040
Certain bond issues validated.§ 6-11-1050
Issuance of additional revenue bonds.§ 6-11-120
Filing of plat of district.§ 6-11-1210
Declaration of purpose.§ 6-11-1220
Definitions.§ 6-11-1230
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