South Carolina § 15-39-740 Deposits by bidders.

South Carolina Statutes

§ 15-39-740 — Deposits by bidders.

South Carolina § 15-39-740

Title 15CIVIL REMEDIES AND PROCEDURES

Ch. 39EXECUTIONS AND JUDICIAL SALES GENERALLY

This text of South Carolina § 15-39-740 (Deposits by bidders.) 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. § 15-39-740 (2026).

Text

In no decree of sale or order thereunder shall there be a requirement for a deposit of cash or other guaranty of good faith prior to the conclusion of the bidding at any judicial sale of real estate, and such deposit or guaranty as may be required at the conclusion of the bidding and of any person who thereafter raises the bid within the period mentioned in SECTIONS 15-39-720 and 15-39-730 shall be five per cent of the bid or some lesser percentage thereof.

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In no decree of sale or order thereunder shall there be a requirement for a deposit of cash or other guaranty of good faith prior to the conclusion of the bidding at any judicial sale of real estate, and such deposit or guaranty as may be required at the conclusion of the bidding and of any person who thereafter raises the bid within the period mentioned in SECTIONS 15-39-720 and 15-39-730 shall be five per cent of the bid or some lesser percentage thereof.

Legislative History

HISTORY: 1962 Code SECTION 10-1772; 1952 Code SECTION 10-1772; 1942 Code SECTION 9078-1; 1932 (37) 1529; 1933 (38) 511; 1934 (38) 1187, 1266, 1346, 1620; 1936 (39) 1294; 1939 (41) 202.