Bonds issued by authority under the provisions of this chapter are hereby made securities in which all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them.
S.C. Code Ann. § 59-109-160
Bonds as legal investments
Known as the Educational Facilities Authority Act
The act spans §§ 59-109-10 to 59-109-90 (18 sections).
1962 Code SECTION 22-41.15; 1969 (56) 444.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.