Transportation infrastructure bonds must be issued as fully registered bonds with both principal and interest thereof made payable only to the registered holder. Such fully registered bonds are subject to transfer under such conditions as the state board prescribes.
S.C. Code Ann. § 11-43-590
Issuance as fully registered bonds; transfer
Known as the South Carolina Transportation Infrastructure Bank Act
The act spans §§ 11-43-110 to 11-43-630 (46 sections).
1997 Act No. 148, SECTION 2.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.