{"data":{"id":"us-sc/s.c.-code-ann.-11-14-120","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 11-14-120","heading":"Defeasance of assumed debt.","body":"In all instances where all or any portion of the debt of one public agency or political unit has been assumed by another public agency or political unit, it shall be presumed that the assumed obligations will be appropriately paid by the public agency or political unit assuming such debt and the unpaid debt shall be deemed to have been defeased to the same extent as debt defeased in the manner provided for in SECTION 11-14-110.","path":["Title 11 - PUBLIC FINANCE","CHAPTER 14 Defeasance of Outstanding Public Bonds, Notes, and Other Obligations"],"source_url":"https://www.scstatehouse.gov/code/t11c014.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T06:31:49Z","sha256":"ba903e3f244fa2f820130842c0038a1493a3ef5799c904d7dc1dbfff7f65d125","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-11-14-110","next":"us-sc/s.c.-code-ann.-11-14-130"},"notice":"GroundRules: Original legal text. Not legal advice."}