South Carolina Code 59-122-100. Investment in bonds by fiduciaries permitted
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Terms Used In South Carolina Code 59-122-100
- Authority: means the State Fiscal Accountability Authority. See South Carolina Code 59-122-10
- bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter. See South Carolina Code 59-122-10
It is lawful for all executors, administrators, guardians, and fiduciaries, all sinking fund commissions, and the Public Employee Benefit Authority and the State Fiscal Accountability Authority as cotrustees of the South Carolina Retirement System to invest any monies in their possession in these bonds.