South Carolina Code 37-5-205. Refunds and penalties as setoff to obligation
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 37-5-205
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Refunds or penalties to which the debtor is entitled pursuant to this part may be set off against the debtor’s obligation, and may be raised as a defense to a suit on the obligation without regard to the time limitations prescribed by this subdivision.