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S.C. Code Ann. § 57-11-370

Bonds constitute legal investments

1962 Code SECTION 33-280.7; 1972 (57) 3088; 1993 Act No. 181, SECTION 1524.

It shall be lawful for all executors, administrators, guardians, and other fiduciaries and all sinking fund commissions, including the State Fiscal Accountability Authority of South Carolina as manager and administrator of other state sinking funds, to invest any monies in their hands in state highway bonds.

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