South Carolina Statutes
§ 62-7-404 — Trust purposes.
A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
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South Carolina § 62-7-404 (Trust purposes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Beattie v. J.M. Tull Foundation
941 F. Supp. 57 (D. South Carolina, 1996)
O'BRIEN v. South Carolina ORBIT
668 S.E.2d 396 (Supreme Court of South Carolina, 2008)
Beattie v. J M Tull Foundation
(Fourth Circuit, 1999)
Legislative History
HISTORY: 2005 Act No. 66, SECTION 1; 2013 Act No. 100, SECTION 2, eff January 1, 2014. Effect of Amendment The 2013 amendment inserted ", not contrary to public policy,".
Nearby Sections
15
§ 62-1-100
Effective date.§ 62-1-101
Short title.§ 62-1-102
Purposes; rules of construction.§ 62-1-104
Severability.§ 62-1-105
Construction against implied repeal.§ 62-1-106
Effect of fraud and evasion.§ 62-1-107
Evidence as to death or status.§ 62-1-108
Acts by holder of general power.§ 62-1-111
Authority to award costs and expenses.§ 62-1-112
Inherent power of court.§ 62-1-201
General definitions.§ 62-1-301
Territorial application.