GroundRules
S.C. Code Ann. § 34-21-330: Nature of interest in fund.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 21 Banks and Corporations Doing Trust Business
- ARTICLE 3 Common Trust Funds
No fiduciary account owning or holding an investment or participation in a common trust fund, or any certificate of participation therein, shall be deemed to have individual ownership of any asset in such common trust fund, but shall be deemed to have only a proportionate undivided interest in the common trust fund.
Collected 2026-09-02T07:06:14Z. Source file · JSON