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Session 110 - (1993-1994)Printer Friendly
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S*0589 (Rat #0197, Act #0141 of 1993) General Bill, By Courson
Similar (H 3762)
    A Bill to amend Section 29-1-10, Code of Laws of South Carolina, 1976, relating to liens on real estate so as to provide that any lien on real property held by a gas or electrical utility or electric cooperative shall continue until satisfied or released instead of lapsing twenty years after the maturity date of the lien,and to require a mortgage or other instrument executed, or modified, or rendered after the effective date of this provision to state on its face certain information pertaining to these provisions; to amend Section 29-3-50, relating to mortgages for future advances, so as to further provide for its applicability to indebtedness of a gas or electrical utility or electric cooperative; to amend the 1976 Code by adding Section 29-3-80 so as to provide that a mortgage covers after-acquired property of a gas or electrical utility or electric cooperative, and by adding Section 29-3-90 so as to allow general as opposed to specific descriptions of real property in mortgages given by a gas or electrical utility company.-amended title
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03/24/93Senate Introduced and read first time SJ-3
03/24/93Senate Referred to Committee on Judiciary SJ-3
04/28/93Senate Committee report: Favorable with amendment Judiciary SJ-17
04/29/93Senate Amended SJ-36
04/29/93Senate Read second time SJ-40
04/29/93Senate Unanimous consent for third reading on next legislative day SJ-40
04/30/93Senate Read third time and sent to House SJ-5
05/04/93House Introduced and read first time HJ-9
05/04/93House Referred to Committee on Labor, Commerce and Industry HJ-9
06/01/93House Recalled from Committee on Labor, Commerce and Industry HJ-66
06/02/93House Amended HJ-30
06/02/93House Read second time HJ-30
06/03/93House Read third time and returned to Senate with amendments HJ-15
06/03/93Senate Concurred in House amendment and enrolled SJ-26
06/10/93 Ratified R 197
06/14/93 Signed By Governor
06/14/93 Effective date 06/14/93
08/10/93 Act No. 141
08/10/93 Copies available



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