South Carolina § 10-7-60 Cancellation in case of dilapidation and depreciation.

South Carolina Statutes

§ 10-7-60 — Cancellation in case of dilapidation and depreciation.

South Carolina § 10-7-60

Title 10PUBLIC BUILDINGS AND PROPERTY

Ch. 7INSURANCE ON PUBLIC BUILDINGS AND PROPERTY

This text of South Carolina § 10-7-60 (Cancellation in case of dilapidation and depreciation.) 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. § 10-7-60 (2026).

Text

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.

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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.