No waiver of any default or breach of duty or contract, whether by any holder of refunding bonds, or any trustee therefor, shall extend to or shall affect any subsequent default or breach of duty or contract or shall impair any rights or remedies thereon. No delay or omission of any bondholder or any trustee therefor to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein.
S.C. Code Ann. § 6-17-270
Effect of waiver or delay in invoking remedy
Known as the The Revenue Bond Refinancing Act
The act spans §§ 6–6 (33 sections).
1962 Code SECTION 59-677; 1952 Code SECTION 59-677; 1942 Code SECTION 9300; 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.