South Carolina § 11-57-700 Prohibition of fund investment with person identified on list created pursuant to Section 11-57-310; divestment.

South Carolina Statutes

§ 11-57-700 — Prohibition of fund investment with person identified on list created pursuant to Section 11-57-310; divestment.

South Carolina § 11-57-700

Title 11PUBLIC FINANCE

Ch. 57IRAN DIVESTMENT ACT

This text of South Carolina § 11-57-700 (Prohibition of fund investment with person identified on list created pursuant to Section 11-57-310; divestment.) 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. § 11-57-700 (2026).

Text

(A)Neither the Retirement System Investment Commission or the State Treasurer may invest funds with a person that is identified on a list created pursuant to Section 11-57-310 as a person engaging in investment activities in Iran as described in Section 11-57-300.

(B)Any existing investments in violation of subsection (A) as of the effective date of this act, must be divested within one hundred twenty days of the effective date of this act.

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(A) Neither the Retirement System Investment Commission or the State Treasurer may invest funds with a person that is identified on a list created pursuant to Section 11-57-310 as a person engaging in investment activities in Iran as described in Section 11-57-300. (B) Any existing investments in violation of subsection (A) as of the effective date of this act, must be divested within one hundred twenty days of the effective date of this act.