Every such banking corporation appointed administrator, receiver, assignee, guardian or trustee, when fiduciary bonds are required of individual persons under like circumstances, shall be required to execute and file approved fiduciary bonds similar in every respect to the bonds required by law of private persons acting as such fiduciaries.
HISTORY: 1962 Code Section 8-242; 1952 Code Section 8-242; 1942 Code Sections 7838, 7839; 1932 Code Sections 7864, 7865; Civ. C. '22 Sections 3994, 3995; Civ. C. '12 Sections 2656, 2657; 1903 (24) 70; 1911 (27) 8; 1934 (38) 1245.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 15 - Bank Acting As Fiduciary
Section 34-15-10. General authority to act as fiduciary.
Section 34-15-20. Fiduciary bonds.
Section 34-15-30. Capital stock shall be held security for fiduciary obligations.
Section 34-15-40. Papers may be executed by authorized officer.
Section 34-15-50. Liability when acting as trustee of partnership interest for minors.