Districts converted pursuant to this article shall assume all assets, properties, and liabilities of the antecedent nonprofit corporation.
S.C. Code Ann. § 33-36-1370
District to assume all assets, properties and liabilities of antecedent nonprofit corporation
2001 Act No. 78, 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.