South Carolina General Assembly
117th Session, 2007-2008

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A292, R379, H4067

STATUS INFORMATION

General Bill
Sponsors: Rep. Harrison
Document Path: l:\council\bills\agm\18830mm07.doc

Introduced in the House on May 15, 2007
Introduced in the Senate on April 9, 2008
Passed by the General Assembly on June 3, 2008
Governor's Action: June 11, 2008, Signed

Summary: Deed recording fee

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   5/15/2007  House   Introduced and read first time HJ-18
   5/15/2007  House   Referred to Committee on Judiciary HJ-18
    4/2/2008  House   Committee report: Favorable Judiciary HJ-10
    4/8/2008  House   Read second time HJ-19
    4/9/2008  House   Read third time and sent to Senate HJ-23
    4/9/2008  Senate  Introduced and read first time SJ-9
    4/9/2008  Senate  Referred to Committee on Finance SJ-9
   5/28/2008  Senate  Recalled from Committee on Finance SJ-2
   5/29/2008  Senate  Read second time SJ-42
    6/3/2008  Senate  Read third time and enrolled SJ-22
    6/5/2008          Ratified R 379
   6/11/2008          Signed By Governor
   6/18/2008          Copies available
   6/18/2008          Effective date 06/11/08
   6/19/2008          Act No. 292

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

5/15/2007
4/2/2008
5/28/2008


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A292, R379, H4067)

AN ACT TO AMEND SECTION 12-24-10, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEED RECORDING FEE, SO AS TO EXEMPT A DEED TRANSFERRING REAL PROPERTY FROM A TRUST TO A TRUST DISTRIBUTEE UPON THE DEATH OF THE SETTLOR UPON CERTAIN CONDITIONS.

Be it enacted by the General Assembly of the State of South Carolina:

Deeds not subject to recording fee

SECTION    1.    Section 12-24-10(B) of the 1976 Code, as amended by Act 323 of 2006, is amended to read:

"(B)    An instrument or deed of distribution assigning, transferring, or releasing real property to the distributee of a decedent's estate pursuant to Section 62-3-907 as evidence of the distributee's title to the property is not a deed subject to this chapter. In addition, a deed transferring real property from a trust to a trust distributee upon the trust settlor's death, pursuant to the trust terms, is not a deed subject to this chapter if a deed of distribution would be the appropriate instrument to transfer the subject property if the property were part of the decedent's probate estate."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 5th day of June, 2008.

Approved the 11th day of June, 2008.

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This web page was last updated on Monday, October 10, 2011 at 1:36 P.M.