South Carolina Statutes
§ 41-43-120 — Authority bonds to constitute lawful fiduciary investment.
South Carolina·Title 41 LABOR AND EMPLOYMENT·Ch. 43 SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT FUND ACT
It is lawful for executors, administrators, guardians, committees, and other fiduciaries to invest any monies in their hands in bonds issued pursuant to this act. Nothing contained in this section is construed as relieving any person from the duty of exercising reasonable care in selecting securities.
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South Carolina § 41-43-120 (Authority bonds to constitute lawful fiduciary investment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1983 Act No. 145 SECTION 13.
Nearby Sections
15
§ 41-43-10
Citation of chapter.§ 41-43-100
Industrial development projects.§ 41-43-110
Issuance of bonds; utilization of proceeds.§ 41-43-130
Bonds and income exempt from certain taxes; exemption of documents from transfer and stamp taxes.§ 41-43-150
Antidiscrimination in administration of programs; persons and projects eligible for assistance.§ 41-43-170
Guaranty fund authorized; purposes.§ 41-43-20
Definitions.§ 41-43-210
Funds for administrative purposes.