The department, upon petition filed by any person who is surety on any such bond as aforesaid and who considers himself in danger of being injured by such suretyship, shall notify the person giving such bond to give a new bond with other sureties and upon failure of such person to do so within thirty days shall cause such person to suspend further operations until a new bond be given. In no case shall the sureties on the old bond be discharged from liability thereon until the new bond has been executed and approved, and such sureties shall not be discharged from any antecedent liability by reason of such suretyship.
HISTORY: 1962 Code Section 1-371; 1952 Code Section 1-371; 1942 Code Section 2222; 1932 Code Section 2222; Civ. C. '22 Section 159; Civ. C. '12 Section 152; Civ. C. '02 Section 145; R. S. 101; 1883 (18) 304; 2014 Act No. 121 (S.22), Pt V, Section 7.M, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.M, substituted "department" for "board", and in the second sentence, deleted "But" before "in no case".
Structure South Carolina Code of Laws
Title 10 - Public Buildings and Property
Chapter 9 - Minerals And Mineral Interests In Public Lands
Section 10-9-10. Leases of gas, oil, and certain other minerals.
Section 10-9-20. Minimum royalty.
Section 10-9-35. Disposition of revenues received from offshore oil leases.
Section 10-9-40. Authority conferred by article is cumulative.
Section 10-9-120. Protection of the state's interest against adverse claimants.
Section 10-9-130. Department may issue leases or licenses; notice of applications.
Section 10-9-140. Department may grant or refuse application for license.
Section 10-9-150. Bond of licensee.
Section 10-9-160. Additional security to bonds may be required.
Section 10-9-170. Proceeding for relief of sureties; new bond and its effect.
Section 10-9-180. Power to fix and change rates for digging phosphate.
Section 10-9-190. Returns of rock mined; payment of royalty; rate of royalty.
Section 10-9-200. Comptroller General notified of licenses issued.
Section 10-9-210. Mining without license; penalty.
Section 10-9-220. Purchasing or receiving from unlicensed person.
Section 10-9-230. Penalty for violation of Section 10-9-220.
Section 10-9-240. Department may take measures to prevent interference, obstruction, or molestation.
Section 10-9-260. Interfering with State, department, or licensees; mining without license.
Section 10-9-270. Annual report to General Assembly.