South Carolina Statutes
§ 59-125-560 — Liability of State and persons signing bonds for payment of principal and interest.
South Carolina § 59-125-560
This text of South Carolina § 59-125-560 (Liability of State and persons signing bonds for payment of principal and interest.) 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. § 59-125-560 (2026).
Text
The faith and credit of the State must not be pledged for the payment of the principal and interest of such 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 therefor.
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Legislative History
HISTORY: 2000 Act No. 356, SECTION 1.
Nearby Sections
15
§ 59-125-10
Establishment of Winthrop College.§ 59-125-100
Division into departments.§ 59-125-120
Degrees and diplomas.§ 59-125-20
Composition of board of trustees.§ 59-125-30
Election of board members; terms; vacancies.§ 59-125-310
Purpose.§ 59-125-320
Definitions.§ 59-125-330
Acquisition and improvement of facilities.§ 59-125-340
Authority to bond.§ 59-125-350
Securement of repayment.§ 59-125-360
Faith and credit of State.§ 59-125-370
Tenor, terms, and conditions of bonds.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-125-560, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/125/59-125-560.