South Carolina Statutes
§ 10-7-60 — Cancellation in case of dilapidation and depreciation.
South Carolina·Title 10 PUBLIC BUILDINGS AND PROPERTY·Ch. 7 INSURANCE ON PUBLIC BUILDINGS AND PROPERTY
The State Fiscal Accountability Authority may cancel any policy of insurance on any public building when in its judgment such building is no longer an insurable risk because of dilapidation and depreciation; provided, that at least ten days before any such cancellation the board shall give notice to the proper authorities that such cancellation is to be made.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 10-7-60 (Cancellation in case of dilapidation and depreciation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 1-435; 1952 Code SECTION 1-435; 1942 Code SECTION 2182; 1936 (39) 1668. Code Commissioner's Note At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, SECTION 5(D)(1), effective July 1, 2015.
Nearby Sections
15
§ 10-7-100
Payment of premiums.§ 10-7-120
Authority may reinsure.§ 10-7-130
Insurance reserve funds.§ 10-7-140
Reduction of premiums.§ 10-7-150
Renewals.§ 10-7-160
Value of buildings.§ 10-7-170
Amount of insurance.§ 10-7-180
Appraisers in case of loss or damage.§ 10-7-190
Payment of amount of award.§ 10-7-220
Inspectors.§ 10-7-230
Penalties.