South Carolina Statutes
§ 59-2-120 — No promise or guarantee that higher education expenses will be covered in full by trust account; trust accounts and agreements not guaranteed by full faith and credit of the State of South Carolina.
South Carolina § 59-2-120
This text of South Carolina § 59-2-120 (No promise or guarantee that higher education expenses will be covered in full by trust account; trust accounts and agreements not guaranteed by full faith and credit of the State of South Carolina.) 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. § 59-2-120 (2026).
Text
Nothing in this chapter or in any investment trust agreement entered into pursuant to this chapter shall be construed as a promise or guarantee by the State or any agency thereof that either qualified higher education expenses in general or any specific qualified higher education expense shall be covered in full by contributions or earnings on any investment trust account. Investment trust accounts and agreements entered into pursuant to this chapter are not guaranteed by the full faith and credit of the State of South Carolina.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 2001 Act No. 72, SECTION 3(A).
Nearby Sections
15
§ 59-2-10
Short title.§ 59-2-100
Annual statements to account holders; additional statements upon request; fees; annual reports.§ 59-2-160
Severability.§ 59-2-20
Findings and Purpose.§ 59-2-30
Definitions.§ 59-2-50
Powers of State Treasurer.§ 59-2-60
Investment trust agreements.§ 59-2-80
Tax features.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 59-2-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/2/59-2-120.