South Carolina § 59-69-40 - Funds given to State Superintendent for educational purposes.
Full text of South Carolina South Carolina Code of Laws § 59-69-40 — Funds given to State Superintendent for educational purposes., with citation guidance and answers to common questions.
§ 59-69-40. Funds given to State Superintendent for educational purposes.
The State Superintendent of Education shall take and hold in trust for the State any grant or devise of lands and any gift or bequest of money or other personal property made to him for educational purposes and he shall pay into the State Treasury, for safekeeping and investment, all moneys and incomes from property so received. The State Treasurer shall, from time to time, invest all such moneys in the name of the State and shall pay to the State Superintendent of Education, on the warrant of the Comptroller General, the income or principal thereof as he may, from time to time, require; provided, that no disposition shall be made of any grant, devise, gift or bequest inconsistent with the conditions or terms thereof. For all such property the State Treasurer shall be responsible on his bond as for other funds received by him in his official capacity.
HISTORY: 1962 Code SECTION 21-904; 1952 Code SECTION 21-904; 1942 Code SECTION 3185; 1932 Code SECTION 3185; Civ. C. '22 SECTION 879; Civ. C. '12 SECTION 800; Civ. C. '02 SECTION 723; G. S. 583; R. S. 641; 1878 (16) 575.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-69-40
What does South Carolina Code of Laws § 59-69-40 cover?
Section 59-69-40 ("Funds given to State Superintendent for educational purposes.") 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 § 59-69-40?
A common citation format is "South Carolina Code of Laws § 59-69-40" (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 § 59-69-40 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.