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Section 27-45-50. Retention of record of efforts to locate lender of property.

SC Code § 27-45-50 (2019) (N/A)
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Record of a nonprofit organization's efforts to locate the lender as required by Section 27-45-30 or 27-45-40 must be retained by the nonprofit organization for a period of not less than ten years following the date the nonprofit organization claims title to the property.

HISTORY: 1987 Act No. 22, Section 1.

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Section 27-45-40. Notice to unknown lender of intent to terminate loan and claim title to loaned property.
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Section 27-45-60. Vesting of title to property in nonprofit organization.