South Carolina § 34-15-30 Capital stock shall be held security for fiduciary obligations.

South Carolina Statutes

§ 34-15-30 — Capital stock shall be held security for fiduciary obligations.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 15 BANK ACTING AS FIDUCIARY

The capital stock of such corporation shall be held as security for the faithful performance of the duties undertaken by virtue of Section 34-15-10 or of any similar provision of law.

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South Carolina § 34-15-30 (Capital stock shall be held security for fiduciary obligations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 8-243; 1952 Code SECTION 8-243; 1942 Code SECTION 7839; 1932 Code SECTION 7865; Civ. C. '22 SECTION 3995; Civ. '12 SECTION 2657; 1903 (24) 70.

Nearby Sections

5

§ 34-15-10

General authority to act as fiduciary.

§ 34-15-20

Fiduciary bonds.

§ 34-15-30

Capital stock shall be held security for fiduciary obligations.

§ 34-15-40

Papers may be executed by authorized officer.

§ 34-15-50

Liability when acting as trustee of partnership interest for minors.

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