South Carolina S 818: Trust Business

Bill Text

2025-2026 Bill 818 Text of Previous Version (Jan. 15, 2026) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 818

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS 
BY ADDING SECTION 62-1-113 SO AS TO PROVIDE A DEFINITION FOR THE TERM "TRUST 
BUSINESS."

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Part 1, Article 1, Title 62 of 
the S.C. Code is amended by adding:

 Section 
62-1-113. For purposes of the South Carolina Code of Laws, "trust business" 
means the provision of services related to the investment in or management of a 
common trust fund and does not include any other fiduciary activities by an 
individual or organization, regardless of the corporate form.

SECTION 
2. This act takes effect upon approval by the Governor.

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This web page was last updated on January 15, 2026 at 11:22 AM