S.C. Code Ann. § 31-1-120
The purposes for which a limited dividend housing corporation is to be formed shall be as follows: To acquire, construct, maintain and operate housing projects when authorized by and subject to the supervision of the director.
HISTORY: 1962 Code SECTION 36-12; 1952 Code SECTION 36-12; 1942 Code SECTION 5271-18; 1933 (38) 176; 1993 Act No. 181, SECTION 491.