South Carolina Statutes
§ 29-6-270 — Credit rating of state in which surety company licensed.
South Carolina § 29-6-270
JurisdictionSouth Carolina
Title 29MORTGAGES AND OTHER LIENS
Ch. 6PAYMENTS TO CONTRACTORS, SUBCONTRACTORS, AND SUPPLIERS
This text of South Carolina § 29-6-270 (Credit rating of state in which surety company licensed.) 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. § 29-6-270 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 29-6-270, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/6/29-6-270.