A state savings bank may invest in an obligation issued and fully guaranteed in principal and interest by the State or an instrumentality of the State.
S.C. Code Ann. § 34-30-1330
Investments in obligations issued and guaranteed by State
1997 Act No. 90, SECTION 1, eff June 10, 1997.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.