South Carolina § 13-12-160 Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.

South Carolina Statutes

§ 13-12-160 — Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.

South Carolina § 13-12-160

Title 13PLANNING, RESEARCH AND DEVELOPMENT

Ch. 12TRIDENT ECONOMIC DEVELOPMENT FINANCE AUTHORITY

This text of South Carolina § 13-12-160 (Resolutions, covenants, and agreements pertaining to issuance of bonds are binding; enforceability.) 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. § 13-12-160 (2026).

Text

All provisions of a resolution authorizing the issuance of the bonds in accordance with this chapter and any covenants and agreements constitute legally binding contracts between the authority and the several holders of the bonds, regardless of the time of issuance of the bonds, and are enforceable by any holder by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.

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All provisions of a resolution authorizing the issuance of the bonds in accordance with this chapter and any covenants and agreements constitute legally binding contracts between the authority and the several holders of the bonds, regardless of the time of issuance of the bonds, and are enforceable by any holder by mandamus or other appropriate action, suit, or proceeding at law or in equity in any court of competent jurisdiction.