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 § 58-27-1150

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 27ELECTRIC UTILITIES AND ELECTRIC COOPERATIVES

This text of South Carolina § 58-27-1150 (Entities which may invest in storm recovery bonds.) 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. § 58-27-1150 (2026).

Text

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.