South Carolina § 34-21-390 - Valuation of securities in fund.
Full text of South Carolina South Carolina Code of Laws § 34-21-390 — Valuation of securities in fund., with citation guidance and answers to common questions.
§ 34-21-390. Valuation of securities in fund.
At least once every three months the trust institution administering a common trust fund shall determine the value of the securities in the common trust fund. No participation shall be admitted to or withdrawn from the common trust fund, except on the basis of such valuation and on the date of the determination of such valuation or, if permitted by the plan, within ten business days subsequent to the date of such determination.
HISTORY: 1962 Code SECTION 8-599.4; 1955 (49) 538; 1978 Act No. 598.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-21-390
What does South Carolina Code of Laws § 34-21-390 cover?
Section 34-21-390 ("Valuation of securities in 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 § 34-21-390?
A common citation format is "South Carolina Code of Laws § 34-21-390" (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 § 34-21-390 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.