South Carolina Statutes
§ 9-1-1340 — Conflicts of interest and use of funds by commission members or employees.
South Carolina § 9-1-1340
This text of South Carolina § 9-1-1340 (Conflicts of interest and use of funds by commission members or employees.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 9-1-1340 (2026).
Text
Except as otherwise provided in this chapter or in Chapters 8, 9, 10, and 11 of this title, no member of or person employed by the Retirement System Investment Commission shall have any direct interest in the gains or profits of any investment made by the commission. No commission member or employee of the commission shall, directly or indirectly, for himself or as an agent in any manner use the funds of the commission except to make such current and necessary payments as are authorized by the board or commission. Nor shall any member or employee of the commission become an endorser or surety or in any manner an obligor for monies loaned or borrowed from the commission.
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Legislative History
HISTORY: 1962 Code SECTION 61-94; 1952 Code SECTION 61-94; 1945 (44) 212; 1949 (46) 424; 2005 Act No. 153, Pt IV, SECTION 1.B, eff July 1, 2005; 2006 Act No. 264, SECTION 3, eff May 2, 2006.
Nearby Sections
15
§ 9-1-10
Definitions.§ 9-1-1010
Assets to be credited to employee annuity savings fund and employer annuity accumulation fund.§ 9-1-1030
Deductions must be made although compensation is reduced below legal minimum; consent to deductions.§ 9-1-1060
Normal contribution rate.§ 9-1-1070
Accrued liability contribution rate.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 9-1-1340, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/1/9-1-1340.