South Carolina § 59-31-540 - Most favored purchaser clause in contract.
Full text of South Carolina South Carolina Code of Laws § 59-31-540 — Most favored purchaser clause in contract., with citation guidance and answers to common questions.
§ 59-31-540. Most favored purchaser clause in contract.
All contracts shall provide that if any person who furnishes adopted textbooks to the State shall sell the same textbooks or cause them to be sold to any other person, state or state board for a price less than that which this State has contracted to pay for such textbooks, then such lower price shall automatically become the contract price for such textbooks in this State and the contents of the textbooks shall be considered and not the title in investigating such prices. The State Board of Education shall make the necessary investigations as to the prices of such textbooks so sold to other persons, states or state boards.
HISTORY: 1962 Code SECTION 21-504; 1952 Code SECTION 21-504; 1942 Code SECTION 5282; 1932 Code SECTION 5289; Civ. C. '22 SECTION 2549; Civ. C. '12 SECTION 1708; Civ. C. '02 SECTION 1184; 1896 (22) 150; 1914 (28) 450; 1915 (29) 188; 1923 (33) 147; 1927 (35) 354; 1928 (35) 1215; 1931 (37) 391; 1940 (41) 1763, 1886; 1947 (45) 55.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-31-540
What does South Carolina Code of Laws § 59-31-540 cover?
Section 59-31-540 ("Most favored purchaser clause in contract.") 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 § 59-31-540?
A common citation format is "South Carolina Code of Laws § 59-31-540" (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 § 59-31-540 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.