At the time of default by Columbia HCA or end of the lease, MUSC shall not be required to purchase the Medical Center as a going concern but rather at the appraised value of the tangible assets owned by the lessee as personal property inventory.
S.C. Code Ann. § 44-7-3180
Valuation of purchase upon default or expiration of lease
1996 Act No. 390, SECTION 6.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.