In case of failure to perform the labor or to deliver the property according to the terms of the subscription the money value thereof, as specified in the list of subscriptions, shall be paid by the subscribers.
S.C. Code Ann. § 46-39-60
Money value of subscription to be paid if labor not performed or property not delivered
1962 Code SECTION 3-706; 1962 (52) 2222.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.