H 4807 Session 109 (1991-1992)
H 4807 General Bill, By I.K. Rudnick, J.M. Baxley and J.R. Klapman
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 and 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 a penalty.
04/30/92 House Introduced and read first time HJ-6
04/30/92 House Referred to Committee on Judiciary HJ-6
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 AND 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) All aliens who own real property in this
State and all agents and servants of aliens who own real property in this
State for the benefit of aliens 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) All aliens who purchase real estate in this State and all agents
and servants of aliens who purchase real estate in this State for the
benefit of aliens 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 section.
(E) A person who fails to comply with the provisions of this
section shall forfeit 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----- |