South Carolina Statutes
§ 12-51-70 — Default by successful bidder; readvertisement of property.
If the successful bidder fails to remit in legal tender within the time specified, the person officially charged with the collection of delinquent taxes shall cancel that bid and duly readvertise the same property for sale, in the same manner, on a subsequent delinquent tax sale date. The defaulting bidder is liable for no more than five hundred dollars damages upon default, which may be collected by suit by the person officially charged with the collection of delinquent taxes in the name of the taxing authority.
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South Carolina § 12-51-70 (Default by successful bidder; readvertisement of property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 65-2815.6; 1971 (57) 499; 1985 Act No. 166, SECTION 7; 2012 Act No. 186, SECTION 4, eff June 7, 2012.
Nearby Sections
15
§ 12-51-135
Removal of erroneously issued warrants.§ 12-51-140
Notice to mortgagees.§ 12-51-150
Official may void tax sales.§ 12-51-50
Sale of property; procedures; defaulting taxpayer or grantee with more than one item to be sold.§ 12-51-55
Required bid on behalf of Forfeited Land Commission when property sold for ad valorem taxes.§ 12-51-80
Settlement by treasurer.