South Carolina § 15-39-740 - Deposits by bidders.
Full text of South Carolina South Carolina Code of Laws § 15-39-740 — Deposits by bidders., with citation guidance and answers to common questions.
§ 15-39-740. Deposits by bidders.
In no decree of sale or order thereunder shall there be a requirement for a deposit of cash or other guaranty of good faith prior to the conclusion of the bidding at any judicial sale of real estate, and such deposit or guaranty as may be required at the conclusion of the bidding and of any person who thereafter raises the bid within the period mentioned in SECTIONS 15-39-720 and 15-39-730 shall be five per cent of the bid or some lesser percentage thereof.
HISTORY: 1962 Code SECTION 10-1772; 1952 Code SECTION 10-1772; 1942 Code SECTION 9078-1; 1932 (37) 1529; 1933 (38) 511; 1934 (38) 1187, 1266, 1346, 1620; 1936 (39) 1294; 1939 (41) 202.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 15-39-740
What does South Carolina Code of Laws § 15-39-740 cover?
Section 15-39-740 ("Deposits by bidders.") 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 § 15-39-740?
A common citation format is "South Carolina Code of Laws § 15-39-740" (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 § 15-39-740 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.