South Carolina Statutes
§ 41-43-120 — Authority bonds to constitute lawful fiduciary investment.
South Carolina § 41-43-120
JurisdictionSouth Carolina
Title 41LABOR AND EMPLOYMENT
Ch. 43SOUTH CAROLINA JOBS - ECONOMIC DEVELOPMENT FUND ACT
This text of South Carolina § 41-43-120 (Authority bonds to constitute lawful fiduciary investment.) 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. § 41-43-120 (2026).
Text
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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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 41-43-120, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/43/41-43-120.