Defines "trust business" in South Carolina law as services related to common trust fund investment and management.
This bill amends the South Carolina Code of Laws by adding a definition for "trust business." It specifies that trust business involves services related to the investment in or management of a common trust fund. This definition excludes other fiduciary activities by individuals or organizations, regardless of their corporate form. The act will take effect upon approval by the Governor.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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