S.C. Code Ann. § 11-57-700

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

Known as the Iran Divestment Act

The act spans §§ 11–11 (17 sections).

2014 Act No. 267 (H.3021), SECTION 1, eff September 7, 2014.

(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.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.