South Carolina § 57-5-1440 - Form of bonds; to whom payable.
Full text of South Carolina South Carolina Code of Laws § 57-5-1440 — Form of bonds; to whom payable., with citation guidance and answers to common questions.
§ 57-5-1440. Form of bonds; to whom payable.
Turnpike bonds issued pursuant to this article may be in the form of negotiable coupon bonds, payable to bearer, with the privilege to the holder of having them registered in his name on the books of the State Treasurer as to principal only, or as to both principal and interest, and the principal or both principal and interest, as the case may be, thus made payable to the registered holder, subject to conditions the State Fiscal Accountability Authority prescribes. Turnpike bonds so registered as to principal in the name of the holder may thereafter be registered as payable to bearer and made payable accordingly.
Turnpike bonds may also be issued as fully registered bonds with both principal and interest made payable only to the registered holder. The fully registered bonds are subject to transfer under conditions the State Fiscal Accountability Authority prescribes. The fully registered bonds may, if the proceedings authorizing their issuance so provide, be convertible into negotiable coupon bonds with the attributes set forth in the first paragraph of this section.
HISTORY: 1962 Code SECTION 33-220.13; 1972 (57) 3013; 1980 Act No. 449; 1985 Act No. 201, Part II, SECTION 84C.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 57-5-1440
What does South Carolina Code of Laws § 57-5-1440 cover?
Section 57-5-1440 ("Form of bonds; to whom payable.") 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 § 57-5-1440?
A common citation format is "South Carolina Code of Laws § 57-5-1440" (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 § 57-5-1440 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.