S.C. Code § 59-40-120

Current through 2024 Act No. 225.

Section 59-40-120 - Dissolution of charter school

Upon dissolution of a charter school, its assets may not inure to the benefit of any private person. Any assets obtained through restricted agreements with a donor through awards, grants, or gifts must be returned to that entity. All other assets become property of the sponsor.

S.C. Code § 59-40-120

2006 Act No. 274, Section 1, eff 5/3/2006; 2002 Act No. 341, Section 1; 1996 Act No. 447, Section 2.