South Carolina Code 4-8-140. Consolidated government, obligations and privileges; ownership of assets and property; inapplicability to municipality or special purpose district that does not approve charter
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 4-8-140
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- special purpose district: means any district created by an act of the General Assembly or pursuant to general law and which provides any local governmental service or function including, but not limited to, fire protection, sewerage treatment, water distribution, and recreation. See South Carolina Code 4-8-10
Any consolidated government established under this chapter acquires and succeeds to all rights, obligations, duties, and privileges of the county and in the municipalities and other political subdivisions consolidated. Without the necessity or formality of deed, bill of sale, or other instrument of transfer, the consolidated government becomes the owner of all property, assets, contracts, and franchises previously belonging to the county and consolidated municipalities and other political subdivisions and special purpose districts in the consolidated political subdivision except school districts. However, if a majority of the qualified electors voting on the question of consolidation in a municipality or special purpose district do not approve the charter as provided under § 4-8-90(B), this section does not apply to the municipality or special purpose district.