South Carolina § 6-21-550 - Effect of chapter on existing contracts and liens.

Full text of South Carolina South Carolina Code of Laws § 6-21-550 — Effect of chapter on existing contracts and liens., with citation guidance and answers to common questions.

§ 6-21-550. Effect of chapter on existing contracts and liens.

Nothing in this chapter shall be construed as authorizing any borrower to impair or commit a breach of the obligation of any valid lien or contract created or entered into by it, the intention hereof being to authorize the pledging, setting aside and segregation of gross revenues only when consistent with outstanding obligations of such borrower.

HISTORY: 1962 Code SECTION 59-413; 1952 Code SECTION 59-413; 1942 Code SECTION 9273; 1933 (38) 411.

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

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Frequently Asked Questions About South Carolina § 6-21-550

What does South Carolina Code of Laws § 6-21-550 cover?

Section 6-21-550 ("Effect of chapter on existing contracts and liens.") 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 § 6-21-550?

A common citation format is "South Carolina Code of Laws § 6-21-550" (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 § 6-21-550 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.