South Carolina Statutes
§ 58-17-320 — Penalties for failure to reorganize.
South Carolina § 58-17-320
JurisdictionSouth Carolina
Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS
Ch. 17THE GENERAL RAILROAD LAW
This text of South Carolina § 58-17-320 (Penalties for failure to reorganize.) 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. § 58-17-320 (2026).
Text
Should any such person mentioned in Section 58-17-310 fail to reorganize such company as provided by said section, within the time therein limited, such person shall pay a penalty of fifty dollars per day for each and every day they shall fail to operate such railroad, this penalty to be collected by the Office of Regulatory Staff. But the penalty herein provided shall not attach when reasonable cause for failure to operate can be shown. Any person shall, in addition to the penalty above provided, forfeit all of his franchises, powers, and privileges.
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Legislative History
HISTORY: 1962 Code SECTION 58-902; 1952 Code SECTION 58-902; 1942 Code SECTION 8278; 1932 Code SECTION 8223; Civ. C. '22 SECTION 4787; Civ. C. '12 SECTION 3118; Civ. C. '02 SECTION 2044; 1897 (22) 533; 1935 (39) 25; 2006 Act No. 318, SECTION 114, eff May 24, 2006.
Nearby Sections
15
§ 58-17-10
Definitions.§ 58-17-110
Mandamus to require compliance with law.§ 58-17-1120
General corporate powers.§ 58-17-1130
Execution of mortgages; issuance of bonds.§ 58-17-1150
Acquisition of land and rights-of-way.§ 58-17-1160
Acquisition of rights-of-way around tracks.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 58-17-320, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/17/58-17-320.