Notwithstanding anything in this chapter to the contrary, the receiver shall have no power to sell, assign, mortgage or otherwise dispose of any assets of whatever kind or character belonging to the municipality and useful for the enterprise, but the authority of any such receiver shall be limited to the operation and maintenance of the enterprise, and no court shall have jurisdiction to enter any order or decree requiring or permitting the receiver to sell, assign, mortgage or otherwise dispose of any such assets.
S.C. Code Ann. § 6-17-230
Receiver shall not sell or otherwise dispose of property
Known as the The Revenue Bond Refinancing Act
The act spans §§ 6–6 (33 sections).
1962 Code SECTION 59-673; 1952 Code SECTION 59-673; 1942 Code SECTION 9299; 1937 (40) 313.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.