Nothing contained in this article shall prohibit a trust institution from establishing, maintaining, and administering one or more common trust funds differing from the requirements of this article, in which only investments or participations are made by such trust institution in accordance with specific contract authority.
S.C. Code Ann. § 34-21-420
Other common trust funds are not prohibited
1962 Code SECTION 8-599.7; 1955 (49) 538.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.