South Carolina § 59-111-770 - Final disbursements from fund; dissolution of fund.

Full text of South Carolina South Carolina Code of Laws § 59-111-770 — Final disbursements from fund; dissolution of fund., with citation guidance and answers to common questions.

§ 59-111-770. Final disbursements from fund; dissolution of fund.

Any funds remaining in the fund July 1, 1999, or any funds which have reverted to the fund pursuant to Section 59-111-730(B), shall be distributed equally among the board if it has established an endowment and each qualifying institution that has established an endowment and raised the required match funds. Funds distributed pursuant to this section must be used only for the purpose of increasing the corpus of the endowment. Upon final disbursement of all funds in accordance with this section, the fund shall be dissolved.

HISTORY: 1994 Act No. 497, Part II, SECTION 104.

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Source: official South Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About South Carolina § 59-111-770

What does South Carolina Code of Laws § 59-111-770 cover?

Section 59-111-770 ("Final disbursements from fund; dissolution of fund.") 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 § 59-111-770?

A common citation format is "South Carolina Code of Laws § 59-111-770" (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 § 59-111-770 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.