South Carolina Statutes
§ 34-30-1370 — Investments in direct general obligations of state government, bonds payable from pledged revenues or earnings.
South Carolina § 34-30-1370
This text of South Carolina § 34-30-1370 (Investments in direct general obligations of state government, bonds payable from pledged revenues or earnings.) 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. § 34-30-1370 (2026).
Text
A state savings bank may invest in bonds or other evidences of indebtedness that are direct general obligations of a state, county, city, town, village, school district, sanitation, or park district, or other political subdivision or municipal corporation in the top three rating bands of one of the national rating services. A state savings bank also may invest in bonds or other evidences of indebtedness that are payable from revenues or earnings specifically pledged for it, which are issued by a county or a political subdivision or municipal corporation of a county in this State up to the loan limitations of Section 34-30-1300.
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Legislative History
HISTORY: 1997 Act No. 90, SECTION 1, eff June 10, 1997.
Nearby Sections
15
§ 34-30-10
Short title.§ 34-30-1000
Membership of mutual state savings banks.§ 34-30-1040
Conflict of interest.§ 34-30-1060
Annual meetings; notice.§ 34-30-1070
Special meetings; notice.§ 34-30-1080
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Bluebook (online)
South Carolina § 34-30-1370, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/30/34-30-1370.