South Carolina Statutes
§ 38-21-40 — Investments in securities of subsidiaries are not subject to other restrictions.
South Carolina § 38-21-40
This text of South Carolina § 38-21-40 (Investments in securities of subsidiaries are not subject to other restrictions.) 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. § 38-21-40 (2026).
Text
Investments in common stock, preferred stock, debt obligations, or other securities of subsidiaries made pursuant to Section 38-21-30 are not subject to any other investment restrictions or prohibitions contained in this title.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-21-40 [1947 (45) 322; 1952 Code SECTION 37-854; 1962 Code SECTION 37-854] recodified as SECTION 38-37-40 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-29-40 [1962 Code SECTION 37-1403; 1971 (57) 351] recodified as SECTION 38-21-40 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-21-10
Definitions.§ 38-21-120
Jurisdiction of courts; service of process.§ 38-21-140
Registration statement.§ 38-21-190
Termination of registration.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-21-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/21/38-21-40.