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2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 21 - BANKS AND CORPORATIONS DOING TRUST BUSINESS
Section 34-21-420. Other common trust funds are not prohibited.
Universal Citation: SC Code § 34-21-420 (2017)
Nothing contained in this article shall prohibit a trust institution from establishing, maintaining, and administering one or more common trust funds differing from the requirements of this article, in which only investments or participations are made by such trust institution in accordance with specific contract authority.
HISTORY: 1962 Code Section 8-599.7; 1955 (49) 538.
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