The capital stock of such corporation shall be held as security for the faithful performance of the duties undertaken by virtue of Section 34-15-10 or of any similar provision of law.
HISTORY: 1962 Code Section 8-243; 1952 Code Section 8-243; 1942 Code Section 7839; 1932 Code Section 7865; Civ. C. '22 Section 3995; Civ. '12 Section 2657; 1903 (24) 70.
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.