South Carolina Code 6-17-190. Fiscal agent
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Terms Used In South Carolina Code 6-17-190
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Any municipality may, in connection with the issuance of refunding bonds, appoint a fiscal agent, provide for the powers, duties and functions and compensations of such fiscal agent, limit the liabilities of such fiscal agent and prescribe a method for the resignation, removal, merger or consolidation of such fiscal agent and the appointment of a successor fiscal agent and the transfer of rights and properties to such successor fiscal agent.