A state savings bank may invest in stock or other evidences of indebtedness or obligations of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or other federal government sponsored enterprise, or its successor.
Investments in stock of federal government sponsored enterprises
S.C. Code Ann. § 34-30-1360, under Title 34, Chapter 30.
S.C. Code Ann. § 34-30-1360