A provision in a contract for the improvement of real property in the State must not operate to derogate the rights of a construction contractor, subcontractor, supplier, or other proper claimant against a payment bond or other form of payment security or protection established by law.
HISTORY: 2000 Act No. 295, Section 1.
Structure South Carolina Code of Laws
Title 29 - Mortgages and Other Liens
Chapter 6 - Payments To Contractors, Subcontractors, And Suppliers
Section 29-6-20. Right of contractor and subcontractor to payment.
Section 29-6-30. Time and manner of making payment to contractors and subcontractors.
Section 29-6-60. Application of chapter.
Section 29-6-210. Citation of article.
Section 29-6-230. Subcontractor's right to payment from party with whom it contracts.
Section 29-6-250. Labor and material payment bond; "governmental body" defined.
Section 29-6-270. Credit rating of state in which surety company licensed.
Section 29-6-290. Contract provisions not to derogate rights of contractor against payment bond.