South Carolina § 12-49-950 - Mandatory bid by Forfeited Land Commission; determination of amount of bid.
Full text of South Carolina South Carolina Code of Laws § 12-49-950 — Mandatory bid by Forfeited Land Commission; determination of amount of bid., with citation guidance and answers to common questions.
§ 12-49-950. Mandatory bid by Forfeited Land Commission; determination of amount of bid.
If, on the sale of such personal property, there is no bid for as much as the tax and costs then due on the delinquent tax execution, the personal property must be bid in on behalf of the forfeited land commission of the county for the amount equal to the amount of all unpaid property taxes, assessments, and charges billed on the property tax bill, and all costs which may be incurred by a taxing entity as a result of the tax delinquency including taxes levied for the year in which the redemption period begins. An assessment for purposes of this section includes, but is not limited to, amounts owed a special taxing district created pursuant to Section 4-9-30, and a district created pursuant to Chapter 19 of this title and amounts owed pursuant to Chapter 15, Title 6.
HISTORY: 1962 Code SECTION 65-2825; 1952 Code SECTION 65-2825; 1944 (43) 1328; 2005 Act No. 145, SECTION 50; 2015 Act No. 87 (S.379), SECTION 49, eff June 11, 2015.
Effect of Amendment
2015 Act No. 87, SECTION 49, substituted "must be bid in on behalf of the forfeited land commission" for "must be bid in by the Forfeited Land Commission".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 12-49-950
What does South Carolina Code of Laws § 12-49-950 cover?
Section 12-49-950 ("Mandatory bid by Forfeited Land Commission; determination of amount of bid.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 12-49-950?
A common citation format is "South Carolina Code of Laws § 12-49-950" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 12-49-950 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.