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Terms Used In South Carolina Code 11-9-630

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The authority shall sell and convey, for and on behalf of the State, all such real property, assets, and effects belonging to the State as are not in actual public use, such sales to be made from time to time in such manner and upon such terms as it may deem most advantageous to the State. This shall not be construed to authorize the sale of any property held in trust for a specific purpose by the State or the property of the State in the phosphate rocks or phosphatic deposits in the beds of the navigable streams and waters and marshes of the State.