South Carolina Statutes
§ 11-57-720 — Fiduciary responsibilities.
Nothing in this article requires the Retirement System Investment Commission or its agents or contract investment managers to take action as described in this article unless it is determined, in good faith, that the action described in this article is consistent with the fiduciary responsibilities of the commission or its agents or contract investment managers as described in Chapter 16, Title 9, and there are appropriated funds of the State to absorb the expenses necessary to implement this article.
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South Carolina § 11-57-720 (Fiduciary responsibilities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2014 Act No. 267 (H.3021), SECTION 1, eff September 7, 2014.
Nearby Sections
15
§ 11-57-10
Short title.§ 11-57-20
Findings.§ 11-57-30
Definitions.§ 11-57-300
Investment activities in Iran.§ 11-57-340
Report.§ 11-57-720
Fiduciary responsibilities.