South Carolina § 34-21-420 - Other common trust funds are not prohibited.
Full text of South Carolina South Carolina Code of Laws § 34-21-420 — Other common trust funds are not prohibited., with citation guidance and answers to common questions.
§ 34-21-420. Other common trust funds are not prohibited.
Nothing contained in this article shall prohibit a trust institution from establishing, maintaining, and administering one or more common trust funds differing from the requirements of this article, in which only investments or participations are made by such trust institution in accordance with specific contract authority.
HISTORY: 1962 Code SECTION 8-599.7; 1955 (49) 538.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-21-420
What does South Carolina Code of Laws § 34-21-420 cover?
Section 34-21-420 ("Other common trust funds are not prohibited.") 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 § 34-21-420?
A common citation format is "South Carolina Code of Laws § 34-21-420" (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 § 34-21-420 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.