South Carolina § 34-15-10 - General authority to act as fiduciary.
Full text of South Carolina South Carolina Code of Laws § 34-15-10 — General authority to act as fiduciary., with citation guidance and answers to common questions.
§ 34-15-10. General authority to act as fiduciary.
Subject to the provisions of Section 62-3-203, a banking corporation or trust company with at least two hundred fifty thousand dollars total unimpaired capital may be appointed executor of a will, codicil, or writing testamentary, administrator with the will annexed, administrator of the estate of any person, receiver, assignee, guardian or trustee under a will or instrument creating a trust for the care and management of property, under the same circumstances, in the same manner, and subject to the same control by the court having jurisdiction of the appointment as a legally qualified person. An appointment as guardian applies to the estate and not to the person of the ward. The corporation is not required to receive or hold property or money or assume or execute a trust pursuant to this section without its assent.
HISTORY: 1962 Code SECTION 8-241; 1952 Code SECTION 8-241; 1942 Code SECTION 7838; 1932 Code SECTION 7864; Civ. C. '22 SECTION 3994; Civ. C. '12 SECTION 2656; 1911 (27) 8; 1934 (38) 1245; 1972 (57) 2141; 1990 Act No. 521, Part II, SECTION 101, eff June 5, 1990; 2005 Act No. 66, SECTION 4, eff January 1, 2006.
Effect of Amendment
The 1990 amendment added "Subject to the provisions of Sections 62-3-203 and 62-7-207," at the beginning of the section.
The 2005 amendment, in the first sentence, substituted "Section 62-3-203, a" for "Sections 62-7-203 and 62-7-207, any" and made nonsubstantive changes throughout.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-15-10
What does South Carolina Code of Laws § 34-15-10 cover?
Section 34-15-10 ("General authority to act as fiduciary.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 34-15-10?
A common citation format is "South Carolina Code of Laws § 34-15-10" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 34-15-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.