At any time when the district does not have any securities outstanding and when there are no other obligations assumed by the district that are then outstanding, the district may be dissolved in accordance with its articles of incorporation.
S.C. Code Ann. § 44-7-2156
Absence of outstanding obligations as prerequisite for dissolution
1984 Act No. 512, Part II, SECTION 35D.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.