No fiduciary account owning or holding an investment or participation in a common trust fund, or any certificate of participation therein, shall be deemed to have individual ownership of any asset in such common trust fund, but shall be deemed to have only a proportionate undivided interest in the common trust fund.
Nature of interest in fund
S.C. Code Ann. § 34-21-330, under Title 34, Chapter 21.
S.C. Code Ann. § 34-21-330