South Carolina § 31-3-1570 - Terms of bonds; negotiability.
Full text of South Carolina South Carolina Code of Laws § 31-3-1570 — Terms of bonds; negotiability., with citation guidance and answers to common questions.
§ 31-3-1570. Terms of bonds; negotiability.
Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, not exceeding six per cent per annum, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution and the trust indenture or mortgage may provide. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this chapter and Chapter 11 shall be fully negotiable.
HISTORY: 1962 Code SECTION 36-157; 1952 Code SECTION 36-157; 1942 Code SECTION 5271-46; 1937 (40) 431; 1938 (40) 1819.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 31-3-1570
What does South Carolina Code of Laws § 31-3-1570 cover?
Section 31-3-1570 ("Terms of bonds; negotiability.") 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 § 31-3-1570?
A common citation format is "South Carolina Code of Laws § 31-3-1570" (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 § 31-3-1570 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.