South Carolina Code 11-51-180. Investment by executors, administrators, and other fiduciaries
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Terms Used In South Carolina Code 11-51-180
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
It is lawful for executors, administrators, guardians, and other fiduciaries to invest monies in their hands in general obligation debt issued pursuant to this chapter.