The Secretary of State shall not, directly or indirectly, either by himself or any person whomsoever, purchase or be concerned with any person in purchasing any escheated lands, without being subject and liable to the payment of five thousand dollars, to be sued for and recovered in any court of record, one half for the benefit of the informer, who shall sue for and recover such penalty, and the other half to be applied to the use of the State. And such Secretary of State shall also be rendered incapable of holding or exercising any office of trust or emolument therein.
HISTORY: 1962 Code Section 57-220.2; 1972 (57) 2501.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 19 - Escheat Of Land And Personal Property
Section 27-19-20. Inquest by jury; certification and recording of verdict.
Section 27-19-30. Notice published in county where land lies.
Section 27-19-40. Petition by person claiming land; proceedings thereon.
Section 27-19-50. Damages for prosecution of escheat proceedings without probable cause.
Section 27-19-60. Renting out land pending conclusion of process of escheat.
Section 27-19-70. Manner of pronouncing land escheated.
Section 27-19-80. Advertising land for sale; terms of sale.
Section 27-19-90. Division of land into tracts for sale.
Section 27-19-110. Compensation of person making good title to land within five years.
Section 27-19-120. Estates of felons shall not escheat.
Section 27-19-220. Advertising of moneys or property; vesting of property in State.
Section 27-19-230. Personal property of inmates dying in the Charleston Home.
Section 27-19-320. Purchase of land by Secretary of State prohibited; penalties.
Section 27-19-330. Assessment of costs and charges.
Section 27-19-340. Disposition of proceeds of escheats.
Section 27-19-350. Rights of persons under disability or absent from United States.
Section 27-19-360. Reports of Secretary of State and Department of Administration.
Section 27-19-370. Liability of Secretary of State for misconduct or fraudulent practices.
Section 27-19-380. Application of chapter.
Section 27-19-390. Chapter complementary to Uniform Disposition of Unclaimed Property Act.