South Carolina § 58-27-1150 Entities which may invest in storm recovery bonds.

South Carolina Statutes

§ 58-27-1150 — Entities which may invest in storm recovery bonds.

South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 27 ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES

All of the following entities may legally invest any sinking funds, monies, or other funds in storm recovery bonds:

(1)the South Carolina Pooled Investment Fund established pursuant to Section 6-6-10;

(2)banks and bankers, savings and loan associations, credit unions, trust companies, savings banks and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business;

(3)personal representatives, guardians, trustees, and other fiduciaries; and (4) all other persons authorized to invest in bonds or other obligations of a similar nature.

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All of the following entities may legally invest any sinking funds, monies, or other funds in storm recovery bonds: (1) the South Carolina Pooled Investment Fund established pursuant to Section 6-6-10; (2) banks and bankers, savings and loan associations, credit unions, trust companies, savings banks and institutions, investment companies, insurance companies, insurance associations, and other persons carrying on a banking or insurance business; (3) personal representatives, guardians, trustees, and other fiduciaries; and (4) all other persons authorized to invest in bonds or other obligations of a similar nature.

South Carolina § 58-27-1150 (Entities which may invest in storm recovery bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.