It is lawful for executors, administrators, guardians, committees, and other fiduciaries to invest any monies in their hands in bonds issued pursuant to this act. Nothing contained in this section is construed as relieving any person from the duty of exercising reasonable care in selecting securities.
Authority bonds to constitute lawful fiduciary investment
S.C. Code Ann. § 41-43-120, under Title 41, Chapter 43.
S.C. Code Ann. § 41-43-120