If a judgment is obtained against a limited dividend housing corporation in any action not pertaining to the collection of a mortgage indebtedness there shall be no sale of any of the real property of such corporation except upon sixty days' written notice to the director. Upon receipt of such notice the director shall take such steps as in its judgment may be necessary to protect the rights of all parties.
S.C. Code Ann. § 31-1-700
Enforcement of judgments not relating to mortgage indebtedness
Known as the State Housing Law
The act spans §§ 31–31 (39 sections).
1962 Code SECTION 36-60; 1952 Code SECTION 36-60; 1942 Code SECTION 5271-28; 1933 (38) 176; 1993 Act No. 181, SECTION 501.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.