S.C. Code § 58-15-130
Forfeiture of charter for failure to commence or complete construction or operation within certain time
South Carolina · South Carolina Code Title 58, Chapter 15 — Railroad, Street Railway, Steamboat and Canal Companies · Status: effective
Cite this
- Citation
- S.C. Code § 58-15-130, Forfeiture of charter for failure to commence or complete construction or operation within certain time, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1592263
- Permanent ID
ys:prov:1592263@1- SHA-256
e661a128ce8ebe447ff7b1a3cc3a7e2e9fa64a7e7846b04f3a718240f08e36ce
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A railroad, street railway or canal company organized under this chapter shall be deemed to have waived its charter rights, franchises and privileges unless it shall begin the construction of the proposed road within two years from the date of the issuance of its charter and complete it within a period to be fixed by the Secretary of State in his certificate of incorporation, which shall in no case exceed fifteen years. A steamboat company organized under this chapter shall commence operating its line within two years from the date of issuance of its charter or its charter rights shall be deemed forfeited.