South Carolina Statutes
§ 5-39-260 — Investments.
South Carolina § 5-39-260
This text of South Carolina § 5-39-260 (Investments.) 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. § 5-39-260 (2026).
Text
The members of any such commission shall invest or handle such funds in the manner provided by law for investments or handling of funds by executors, administrators, guardians and trustees, and the income shall be collected annually and expended in such manner as, in the judgment of the commission, will meet the purpose for which such fund was delivered.
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Legislative History
HISTORY: 1962 Code SECTION 47-1436; 1952 Code SECTION 47-1436; 1942 Code SECTION 7536; 1935 (39) 97.
Nearby Sections
15
§ 5-39-110
Appointment and term.§ 5-39-120
Removal; vacancies.§ 5-39-130
Duties and powers.§ 5-39-210
Appointment and term.§ 5-39-220
Bond and compensation.§ 5-39-230
Officers.§ 5-39-250
Transfer of funds to commission.§ 5-39-260
Investments.§ 5-39-270
Disbursements and reports.§ 5-39-280
Liability of cities.§ 5-39-420
Transfer of funds to city.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 5-39-260, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/39/5-39-260.