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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 34-21-70. Custody of securities.
Universal Citation: SC Code § 34-21-70 (2017)
The securities of the trust department for each individual trust shall be in the joint custody of two or more officers or other employees designated by the board of directors of the bank or trust company, as the case may be, and such officers or employees shall be bonded.
HISTORY: 1962 Code Section 8-586; 1952 Code Section 8-586; 1942 Code Section 7910; 1932 Code Section 7910; 1930 (36) 1367.
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