South Carolina Statutes
§ 59-115-140 — Bonds as legal investments.
Bonds issued by the Authority under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any State or municipal officer or any agency or political subdivision of the State for any purpose for which the deposit of bonds or obligations of the State is now or may hereafter be authorized by law.
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South Carolina § 59-115-140 (Bonds as legal investments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 22-96.13; 1971 (57) 775.
Nearby Sections
15
§ 59-115-10
Short title.§ 59-115-120
Rights of bondholders.§ 59-115-130
Bonds as negotiable instruments.§ 59-115-140
Bonds as legal investments.§ 59-115-150
Security for bonds.§ 59-115-170
Exemption of bonds from taxation.§ 59-115-180
Annual report of Authority; audit.§ 59-115-20
Definitions.§ 59-115-30
Function of Authority.§ 59-115-40
State Education Assistance Authority.§ 59-115-50
Powers of Authority.