South Carolina General Assembly
116th Session, 2005-2006

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H. 4801

STATUS INFORMATION

General Bill
Sponsors: Rep. Delleney
Document Path: l:\council\bills\gjk\20948sd06.doc

Introduced in the House on March 14, 2006
Introduced in the Senate on March 28, 2006
Last Amended on March 23, 2006
Currently residing in the Senate

Summary: Master-in-Equity fees

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/14/2006  House   Introduced and read first time HJ-20
   3/14/2006  House   Referred to Committee on Judiciary HJ-20
   3/22/2006  House   Committee report: Favorable with amendment Judiciary 
                        HJ-28
   3/23/2006  House   Amended HJ-33
   3/23/2006  House   Read second time HJ-34
   3/23/2006  House   Unanimous consent for third reading on next legislative 
                        day HJ-34
   3/24/2006  House   Read third time and sent to Senate
   3/28/2006  Senate  Introduced and read first time SJ-9
   3/28/2006  Senate  Referred to Committee on Judiciary SJ-9
   3/28/2006  Senate  Referred to Subcommittee: Moore (ch), Ford, Mescher, 
                        Rankin, Scott
   5/24/2006  Senate  Committee report: Favorable Judiciary SJ-22

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/14/2006
3/22/2006
3/22/2006
3/23/2006
5/24/2006

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

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COMMITTEE REPORT

May 24, 2006

H. 4801

Introduced by Rep. Delleney

S. Printed 5/24/06--S.

Read the first time March 28, 2006.

            

THE COMMITTEE ON JUDICIARY

To whom was referred a Bill (H. 4801) to amend Section 14-11-310, as amended, Code of Laws of South Carolina, 1976, relating to masters-in-equity fees, so as to revise, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

LUKE A. RANKIN for Committee.

            

A BILL

TO AMEND SECTION 14-11-310, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO MASTERS-IN-EQUITY FEES, SO AS TO REVISE THE MAXIMUM COMMISSION ON CERTAIN SALES OF LAND AND THE FEE FOR PREPARATION OF A DEED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 14-11-310 of the 1976 Code, as last amended by Act 678 of 1988, is further amended to read:

"Section 14-11-310.    Masters-in-equity shall collect the following fees which must be deposited in the general fund of the county:

(1)    in actions for partitions, foreclosure of liens upon real property, or sales of real property, either in private or by auction, a fee of one hundred dollars. If the matter requires more than one day of hearing, there is a thirty-five dollar charge for each additional day or portion of the day until the matter is concluded;

(2)    for the preparation of a deed, a fee of twenty-five seventy-five dollars;

(3)    on sales of land, a fee equal to one percent of the bid or of the funds passing through the court, whichever is greater. The minimum commission collectible under this item is twenty-five dollars, and the maximum commission is two thousand, five hundred five thousand dollars;

(4)    for a supplemental proceeding, a fee of twenty-five dollars;

(5)    in all other cases, fifty dollars for the first day's hearing or any portion of the day and for each day after the first day, thirty-five dollars. The fees must be assessed at the time of the order or report of the master-in-equity.

The fees provided for in this section, including the first day's fee provided for in item (5) and excluding the commission on the sale, must be paid at the time the order of reference is signed and is nonrefundable unless so ordered by the master-in-equity on proper cause being shown. The cost of transcribing the record is in addition to the fees provided for in this section and must be assessed at the rate prescribed for circuit courts."

SECTION    2.    This act takes effect upon approval by the Governor.

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