There is a newer version of the South Carolina Code of Laws
2016 South Carolina Code of Laws
Title 41 - Labor and Employment
CHAPTER 43 - SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT FUND ACT
Section 41-43-120. Authority bonds to constitute lawful fiduciary investment.
SC Code § 41-43-120 (2016) What's This?
It is lawful for executors, administrators, guardians, committees, and other fiduciaries to invest any monies in their hands in bonds issued pursuant to this act. Nothing contained in this section is construed as relieving any person from the duty of exercising reasonable care in selecting securities.
HISTORY: 1983 Act No. 145 Section 13.
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