It is lawful for executors, administrators, guardians, committees, and other fiduciaries to invest any monies in their hands in bonds issued pursuant to this act. Nothing contained in this section is construed as relieving any person from the duty of exercising reasonable care in selecting securities.
S.C. Code Ann. § 41-43-120
Authority bonds to constitute lawful fiduciary investment
Known as the South Carolina Jobs - Economic Development Fund Act
The act spans §§ 41-43-10 to 41-43-90 (30 sections).
1983 Act No. 145 SECTION 13.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.