LOYOLA FED. S&L ASSOC. v. S.C. TAX COMMISSION

23646

308 S.C. 211 (1992)

417 S.E.2d 583

LOYOLA FEDERAL SAVINGS AND LOAN ASSOCIATION, Appellant v. SOUTH CAROLINA TAX COMMISSION; Johnny C. Allen as Treasurer of Horry County, South Carolina; and Betty Jo Huggins, as Register of Mesne Conveyances of Horry County, South Carolina, Respondents.

Supreme Court of South Carolina.

Decided April 27, 1992.


Attorney(s) appearing for the Case

Gene V. Pruet, Edwin H. Cooper, III and Henry W. Brown, all of Nexsen, Pruet, Jacobs & Pollard, Columbia, for appellant.

John P. Henry and Emma Ruth Brittain, both of Thompson, Henry, Gwin, Brittain & Stevens, Conway, for respondent, Horry County.


Heard March 11, 1992.

Decided April 27, 1992.

HARWELL, Chief Justice:

This is a suit for refund of documentary stamp taxes paid under protest. Appellant Loyola Federal Savings and Loan Association (Loyola) asserts that the master-in-equity committed various errors. We affirm in part and reverse in part.

I. FACTS

Loyola commenced an action in 1988 to foreclose loans secured by a condominium hotel in Myrtle Beach. The master-in-equity...

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