South Carolina Code of Laws
Title 31 - Housing and Redevelopment
Chapter 1 - State Housing Law

Section 31-1-10. Short title. - This chapter shall be known as the "State Housing Law."...

Section 31-1-20. Declaration of legislative finding. - It is hereby declared that it is necessary in the...

Section 31-1-30. General duties of Secretary of Commerce with respect to housing. - The Secretary of Commerce, hereafter in this chapter sometimes called...

Section 31-1-40. Electrical power permits. - In municipalities and counties where building, construction, or tax permits...

Section 31-1-50. Penalties for violating Section 31-1-40. - It is unlawful for a person on or after April...

Section 31-1-110. Incorporation of limited dividend housing corporations. - Any number of natural persons, not less than three, a...

Section 31-1-120. Purposes of limited dividend housing corporations. - The purposes for which a limited dividend housing corporation is...

Section 31-1-130. Par value shares. - The shares of which the capital of a limited dividend...

Section 31-1-140. Declaration required in articles. - The articles of a limited dividend housing corporation shall contain...

Section 31-1-150. Income debentures. - The articles of a limited dividend housing corporation may authorize...

Section 31-1-160. Consideration for issuance of stocks, bonds, and income debentures. - No limited dividend housing company incorporated under this chapter shall...

Section 31-1-170. Limited return on stock. - No stockholder in any corporation formed hereunder shall receive any...

Section 31-1-180. Limitations on actions by companies. - No limited dividend housing company incorporated under this chapter shall:...

Section 31-1-190. Conveyances, leases, or subleases in violation of Section 31-1-180 shall be void. - Any conveyance, encumbrance, lease or sublease made in violation of...

Section 31-1-200. Regulation of limited dividend housing companies. - In pursuance of its power to supervise and regulate the...

Section 31-1-210. Investigation of limited dividend housing companies. - The director may investigate the affairs of limited dividend housing...

Section 31-1-220. Fees. - The Secretary of Commerce may charge and collect from a...

Section 31-1-230. Provisions of general corporation law applicable. - The provisions of the general corporation law shall apply to...

Section 31-1-410. Approval of projects. - No housing project proposed by a limited dividend housing company...

Section 31-1-420. Action by city council on plans, adoptions, or rejections by director. - The city council to which plans and specifications shall have...

Section 31-1-430. Charges included in term "cost". - Whenever reference is made in this chapter to the cost...

Section 31-1-440. Receipt and disbursement of funds by trustee. - A trustee to whom moneys are payable pursuant to requirements...

Section 31-1-450. Acquisition of required land. - When the director shall have approved a project for the...

Section 31-1-460. Prerequisites to condemnation. - The power of eminent domain shall not be exercised by...

Section 31-1-470. Sale or purchase of lands to or from municipality. - Whenever the council of any municipality in which a project...

Section 31-1-480. Purchases by one limited dividend housing corporation of property of another. - Before any limited dividend housing company incorporated under this chapter...

Section 31-1-490. Consolidated and extended projects; operation of more than one project. - The director may permit the consolidation of two or more...

Section 31-1-610. Control of rentals. - The director shall fix the maximum rental or charges per...

Section 31-1-620. Payments covered by rentals. - The payments to be made by such corporation shall be:...

Section 31-1-630. Reduction of rentals. - If in any calendar or fiscal year the gross receipts...

Section 31-1-640. Surplus; maximum payments on dissolution. - The amounts of net earnings transferable to surplus in any...

Section 31-1-650. Summary proceedings for mandamus or injunction against limited dividend housing corporations. - Whenever the director shall be of the opinion that any...

Section 31-1-660. Procedure in actions against limited dividend housing corporations. - The director shall begin such action or proceeding by a...

Section 31-1-670. Mortgages and mortgage bonds. - Any company incorporated under this chapter may, subject to the...

Section 31-1-680. Foreclosure. - In any foreclosure action the director shall be made a...

Section 31-1-690. Foreclosures free of restrictions of Section 31-1-680. - Notwithstanding the provisions of Section 31-1-680, whenever it shall appear...

Section 31-1-700. Enforcement of judgments not relating to mortgage indebtedness. - If a judgment is obtained against a limited dividend housing...

Section 31-1-710. Reorganization of limited dividend housing corporations. - Reorganization of limited dividend housing corporations shall be subject to...

Section 31-1-810. Standards of Federal Department of Housing and Urban Development adopted. - Notwithstanding any existing provisions of law, municipal or county ordinance,...