South Carolina Statutes
§ 59-117-260 — Bonds not guaranteed by State; trustees not personally liable.
South Carolina § 59-117-260
This text of South Carolina § 59-117-260 (Bonds not guaranteed by State; trustees not personally liable.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 59-117-260 (2026).
Text
The faith and credit of the State may not be pledged for the payment of the principal and interest of the bonds, and there must be on the face of each bond a statement plainly worded to that effect. Neither the trustees nor any other person signing the bonds is personally liable for them.
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Legislative History
HISTORY: 1990 Act No. 502, SECTION 4.
Nearby Sections
15
§ 59-117-100
President shall not be atheist or infidel.§ 59-117-110
Prior authorization for campus closing.§ 59-117-20
Terms of members of board.§ 59-117-210
Purpose; authorization.§ 59-117-220
Definitions.§ 59-117-240
Issuance of bonds; limit.§ 59-117-250
Funding of bonds; security, generally.§ 59-117-270
Bond specifications; issuing resolutions.§ 59-117-280
Tax exempt status.§ 59-117-290
Who may invest in bonds.§ 59-117-30
Vacancies; compensation.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-117-260, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/117/59-117-260.