South Carolina § 34-21-250 - Management, control, and ownership of fund.

Full text of South Carolina South Carolina Code of Laws § 34-21-250 — Management, control, and ownership of fund., with citation guidance and answers to common questions.

§ 34-21-250. Management, control, and ownership of fund.

The trust institution shall have the exclusive management and control of each common trust fund administered by it and the sole right at any time to sell, convert, exchange, transfer or otherwise change or dispose of the assets comprising any such common trust fund. The ownership of such assets shall be solely in the trust institution as fiduciary and shall be considered as assets held by it as fiduciary.

HISTORY: 1962 Code SECTION 8-591; 1955 (49) 538.

Source: official South Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About South Carolina § 34-21-250

What does South Carolina Code of Laws § 34-21-250 cover?

Section 34-21-250 ("Management, control, and ownership of fund.") 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 § 34-21-250?

A common citation format is "South Carolina Code of Laws § 34-21-250" (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 § 34-21-250 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.