H 3461 Session 109 (1991-1992)
H 3461 General Bill, By I.K. Rudnick, F.E. McBride and Phillips
A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
27-13-50 so as to require aliens and agents or servants of aliens who own real
property for the benefit of aliens to file a report of real property ownership
with the Secretary of State and to provide for a penalty.
02/07/91 House Introduced and read first time HJ-6
02/07/91 House Referred to Committee on Judiciary HJ-6
02/26/91 House Tabled in committee
A BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976,
BY ADDING SECTION 27-13-50 SO AS TO REQUIRE ALIENS
AND AGENTS OR SERVANTS OF ALIENS WHO OWN REAL
PROPERTY FOR THE BENEFIT OF ALIENS TO FILE A REPORT
OF REAL PROPERTY OWNERSHIP WITH THE SECRETARY OF
STATE AND TO PROVIDE FOR A PENALTY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 27-13-50. (A) An alien who owns real property
in this State and an agent or servant of an alien, who owns real property
in this State for the benefit of the alien on the effective date of this
section, shall file a copy of every deed which evidences this ownership
with the Secretary of State within ninety days after the effective date of
this section. When the owner of record is an agent or servant of an alien,
the name of the beneficial owner also must be filed with the Secretary
of State.
(B) An alien who purchases real estate in this State and an agent or
servant of the alien, who purchases real estate in this State for the benefit
of the alien after the effective date of this section, shall file a copy of
every deed which evidences these purchases with the Secretary of State
within thirty days after the date of purchase. When the grantee of record
is an agent or servant of an alien, the name of the beneficial owner also
must be filed with the Secretary of State.
(C) When real property owned of record by an alien, or by an
alien's agent or servant for the benefit of the alien, is sold or otherwise
conveyed, the grantor shall file a report of the conveyance with the
Secretary of State within thirty days after the date of the conveyance.
(D) The Secretary of State shall promulgate regulations which
specify the information to be contained in and the form of the reports
required by this act.
(E) A person who fails to comply with the provisions of this section
forfeits to the State a penalty of five hundred dollars a day for each day
of noncompliance. This penalty must be enforced by the Attorney
General or his designated representative in a court of competent
jurisdiction."
SECTION 2. This act takes effect upon approval by the Governor.
-----XX----- |