{"data":{"id":"us-sc/s.c.-code-ann.-34-21-280","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-21-280","heading":"Collective investment fund may be considered as a whole in determining propriety of investment.","body":"In order to determine whether the investment of funds received or held by the trust institution as fiduciary in a participation in a collective investment fund is proper, the trust institution may consider the collective investment fund as a whole and shall not, for example, be prohibited from making such investment because any particular asset is nonincome producing.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 21 Banks and Corporations Doing Trust Business","ARTICLE 3 Common Trust Funds"],"source_url":"https://www.scstatehouse.gov/code/t34c021.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:06:14Z","sha256":"bcb958bb1cfb04a383587850d116a7c6c4990e922b93be060a5117a1c0a931b5","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-21-270","next":"us-sc/s.c.-code-ann.-34-21-290"},"notice":"GroundRules: Original legal text. Not legal advice."}