Banks And Corporations Doing Trust Business

  1. Law
  2. South Carolina Code of Laws
  3. Banking, Financial Institutions and Money
  4. Banks And Corporations Doing Trust Business

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Section
34-21-10

Written approval from State Board of Bank Control is required to conduct trust business.

Section
34-21-20

Examination; rules and regulations.

Section
34-21-30

Fiduciary assets must be segregated; separate books and records; officer in charge.

Section
34-21-40

Forms of security for funds received or held in trust.

Section
34-21-50

Investment of funds.

Section
34-21-60

Investments shall be kept separate.

Section
34-21-70

Custody of securities.

Section
34-21-210

Definitions.

Section
34-21-220

Collective investment of funds.

Section
34-21-230

Written plan for fund.

Section
34-21-240

Amendments to plan.

Section
34-21-250

Management, control, and ownership of fund.

Section
34-21-260

Propriety of investments in fund.

Section
34-21-270

Limitation on investment in obligations of any one person, firm, or corporation.

Section
34-21-280

Collective investment fund may be considered as a whole in determining propriety of investment.

Section
34-21-290

Authority of estates restricted to legal investments.

Section
34-21-300

Authority of estates not restricted to legal investments.

Section
34-21-310

Limitation on interest of any one participant in collective investment fund.

Section
34-21-320

Making and withdrawing investments.

Section
34-21-330

Nature of interest in fund.

Section
34-21-340

Certificates and other documents evidencing interest in fund shall not be issued.

Section
34-21-350

Records of investments.

Section
34-21-360

Trust institution shall not invest in own fund.

Section
34-21-370

Management fees prohibited; reimbursement for expenses.

Section
34-21-380

Annual audit of fund; financial report.

Section
34-21-390

Valuation of securities in fund.

Section
34-21-400

Court accounting of fund.

Section
34-21-410

Mistakes in administration.

Section
34-21-420

Other common trust funds are not prohibited.

Section
34-21-430

Obligations in which funds may be collectively invested.