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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 34-15-50: Liability when acting as trustee of partnership interest for minors.

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Where this section sits in the code
  1. Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
  2. CHAPTER 15 Bank Acting as Fiduciary

Any banking corporation or trust company authorized under this chapter to act as a fiduciary which acts or is acting as trustee of a partnership interest for minor beneficiaries shall not be liable as a partner except to the extent of the assets in the trust, the provisions of Sections 33-41-350 to 33-41-390 to the contrary notwithstanding; provided, however, nothing in this section shall waive, limit or restrict the duty and liability otherwise of the bank as trustee of a partner's interest.

Collected 2026-09-02T07:06:04Z. Source file · JSON

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