South Carolina Statutes
§ 29-6-270 — Credit rating of state in which surety company licensed.
South Carolina·Title 29 MORTGAGES AND OTHER LIENS·Ch. 6 PAYMENTS TO CONTRACTORS, SUBCONTRACTORS, AND SUPPLIERS
For any contract for the improvement of real property not covered by the provisions of Section 29-6-250, where a payment bond is required by the contract or otherwise, the bond may only be issued by a surety company licensed in the State with a "B+" minimum rating as stated in the most current publication of "Best Key Rating Guide, Property Liability".
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South Carolina § 29-6-270 (Credit rating of state in which surety company licensed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 295, SECTION 1.
Nearby Sections
11
§ 29-6-10
Definitions.§ 29-6-210
Citation of article.§ 29-6-50
Interest on late payments; specific waiver of requirements of sections 29-6-30 and 29-6-50.§ 29-6-60
Application of chapter.