South Carolina § 58-17-320 - Penalties for failure to reorganize.
Full text of South Carolina South Carolina Code of Laws § 58-17-320 — Penalties for failure to reorganize., with citation guidance and answers to common questions.
§ 58-17-320. Penalties for failure to reorganize.
Should any such person mentioned in Section 58-17-310 fail to reorganize such company as provided by said section, within the time therein limited, such person shall pay a penalty of fifty dollars per day for each and every day they shall fail to operate such railroad, this penalty to be collected by the Office of Regulatory Staff. But the penalty herein provided shall not attach when reasonable cause for failure to operate can be shown.
Any person shall, in addition to the penalty above provided, forfeit all of his franchises, powers, and privileges.
HISTORY: 1962 Code SECTION 58-902; 1952 Code SECTION 58-902; 1942 Code SECTION 8278; 1932 Code SECTION 8223; Civ. C. '22 SECTION 4787; Civ. C. '12 SECTION 3118; Civ. C. '02 SECTION 2044; 1897 (22) 533; 1935 (39) 25; 2006 Act No. 318, SECTION 114, eff May 24, 2006.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 58-17-320
What does South Carolina Code of Laws § 58-17-320 cover?
Section 58-17-320 ("Penalties for failure to reorganize.") 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 § 58-17-320?
A common citation format is "South Carolina Code of Laws § 58-17-320" (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 § 58-17-320 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.