South Carolina Statutes
§ 34-21-280 — Collective investment fund may be considered as a whole in determining propriety of investment.
South Carolina § 34-21-280
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 21BANKS AND CORPORATIONS DOING TRUST BUSINESS
This text of South Carolina § 34-21-280 (Collective investment fund may be considered as a whole in determining propriety of investment.) 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. § 34-21-280 (2026).
Text
In order to determine whether the investment of funds received or held by the trust institution as fiduciary in a participation in a collective investment fund is proper, the trust institution may consider the collective investment fund as a whole and shall not, for example, be prohibited from making such investment because any particular asset is nonincome producing.
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Legislative History
HISTORY: 1962 Code SECTION 8-592.2; 1965 (54) 608.
Nearby Sections
15
§ 34-21-20
Examination; rules and regulations.§ 34-21-210
Definitions.§ 34-21-220
Collective investment of funds.§ 34-21-230
Written plan for fund.§ 34-21-240
Amendments to plan.§ 34-21-250
Management, control, and ownership of fund.§ 34-21-260
Propriety of investments in fund.§ 34-21-280
Collective investment fund may be considered as a whole in determining propriety of investment.§ 34-21-320
Making and withdrawing investments.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-21-280, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/21/34-21-280.