South Carolina § 29-3-740 - Return of appraisers; effect of return on deficiency judgment.
Full text of South Carolina South Carolina Code of Laws § 29-3-740 — Return of appraisers; effect of return on deficiency judgment., with citation guidance and answers to common questions.
§ 29-3-740. Return of appraisers; effect of return on deficiency judgment.
The return of the appraisers shall be filed and recorded by the clerk as a judgment of the court and be subject to appeal as hereinafter provided. If the value returned after deduction therefrom of the amount of the price at which the property was sold under direction of the court be equal to or exceed the amount of the deficiency remaining upon the judgment after application of the net proceeds of sale the judgment shall be thereupon extinguished and cancelled of record by the clerk and if such returned value, after deduction of the amount of the sale price, be less than the deficiency the latter shall be abated and deemed paid, pro tanto, and be thereafter enforceable for only the remainder, the amount of which will be determined by the clerk and stated in a proper order from which any party may appeal within ten days after notice of filing thereof to the court or any judge thereof in accord with the procedure prescribed in SECTION 29-3-750.
HISTORY: 1962 Code SECTION 45-94; 1952 Code SECTION 45-94; 1942 Code SECTION 8712; 1933 (38) 350.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 29-3-740
What does South Carolina Code of Laws § 29-3-740 cover?
Section 29-3-740 ("Return of appraisers; effect of return on deficiency judgment.") 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 § 29-3-740?
A common citation format is "South Carolina Code of Laws § 29-3-740" (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 § 29-3-740 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.