South Carolina Code 34-28-560. Right to avoid loss
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 34-28-560
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Nothing in this chapter or in any other provision of law may be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on any loan or investment theretofore made or any obligation created in good faith.