reglab/housing_qa huggingface dataset:
SC Code § 34-13-170 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 13 - Bank Loans And Investments|Section 34-13-170. Investment in bank service corporations.

 (1) Citation of section. - This section shall be cited as the "Bank Service Corporation Act."  (2) Definitions. - For the purposes of this section-  (a) The term "bank service corporation" means a corporation whose primary purpose is to perform for two or more banks having an investment in the corporation services such as check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of statements, notices, and similar items, or any other similar clerical or bookkeeping function.  (b) The terms "invest" and "investment" include any advance of funds to a bank service corporation, whether by purchase of stock, the making of a loan, or otherwise, except a payment for earned rent, goods sold and delivered, or services rendered prior to the making of such payment.  (3) Investments. - Notwithstanding any contrary provision of law relating to banks, a bank may at any time have outstanding investments in a bank service corporation not exceeding ten per cent of the bank's capital and surplus at such time.  HISTORY: 1962 Code Section 8-238; 1962 (52) 1978.
SC Code § 34-15-10 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 15 - Bank Acting As Fiduciary|Section 34-15-10. General authority to act as fiduciary.

 Subject to the provisions of Section 62-3-203, a banking corporation or trust company with at least two hundred fifty thousand dollars total unimpaired capital may be appointed executor of a will, codicil, or writing testamentary, administrator with the will annexed, administrator of the estate of any person, receiver, assignee, guardian or trustee under a will or instrument creating a trust for the care and management of property, under the same circumstances, in the same manner, and subject to the same control by the court having jurisdiction of the appointment as a legally qualified person. An appointment as guardian applies to the estate and not to the person of the ward. The corporation is not required to receive or hold property or money or assume or execute a trust pursuant to this section without its assent.  HISTORY: 1962 Code Section 8-241; 1952 Code Section 8-241; 1942 Code Section 7838; 1932 Code Section 7864; Civ. C. '22 Section 3994; Civ. C. '12 Section 2656; 1911 (27) 8; 1934 (38) 1245; 1972 (57) 2141; 1990 Act No. 521, Part II, Section 101, eff June 5, 1990; 2005 Act No. 66, Section 4, eff January 1, 2006.  Effect of Amendment  The 1990 amendment added "Subject to the provisions of Sections 62-3-203 and 62-7-207," at the beginning of the section.  The 2005 amendment, in the first sentence, substituted "Section 62-3-203, a" for "Sections 62-7-203 and 62-7-207, any" and made nonsubstantive changes throughout.
SC Code § 34-15-20 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 15 - Bank Acting As Fiduciary|Section 34-15-20. Fiduciary bonds.

 Every such banking corporation appointed administrator, receiver, assignee, guardian or trustee, when fiduciary bonds are required of individual persons under like circumstances, shall be required to execute and file approved fiduciary bonds similar in every respect to the bonds required by law of private persons acting as such fiduciaries.  HISTORY: 1962 Code Section 8-242; 1952 Code Section 8-242; 1942 Code Sections 7838, 7839; 1932 Code Sections 7864, 7865; Civ. C. '22 Sections 3994, 3995; Civ. C. '12 Sections 2656, 2657; 1903 (24) 70; 1911 (27) 8; 1934 (38) 1245.
SC Code § 34-15-30 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 15 - Bank Acting As Fiduciary|Section 34-15-30. Capital stock shall be held security for fiduciary obligations.

 The capital stock of such corporation shall be held as security for the faithful performance of the duties undertaken by virtue of Section 34-15-10 or of any similar provision of law.  HISTORY: 1962 Code Section 8-243; 1952 Code Section 8-243; 1942 Code Section 7839; 1932 Code Section 7865; Civ. C. '22 Section 3995; Civ. '12 Section 2657; 1903 (24) 70.
SC Code § 34-15-40 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 15 - Bank Acting As Fiduciary|Section 34-15-40. Papers may be executed by authorized officer.

 In all proceedings in the probate court or elsewhere connected with any authority exercised under the provisions of Section 34-15-10 or under any similar provisions of law all accounts, returns and other papers may be signed and sworn to in behalf of the corporation by any officer thereof duly authorized by it. The answer and examination under oath of such officer shall be received as the answer and examination of the corporation. The court may order and compel an officer of such corporation to answer and attend the examination in the same manner as if he, instead of the corporation, were a party to the proceeding.  HISTORY: 1962 Code Section 8-244; 1952 Code Section 8-244; 1942 Code Section 7840; 1932 Code Section 7866; Civ. C. '22 Section 3996; Civ. C. '12 Section 2658; 1903 (24) 70.
SC Code § 34-15-50 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 15 - Bank Acting As Fiduciary|Section 34-15-50. Liability when acting as trustee of partnership interest for minors.

 Any banking corporation or trust company authorized under this chapter to act as a fiduciary which acts or is acting as trustee of a partnership interest for minor beneficiaries shall not be liable as a partner except to the extent of the assets in the trust, the provisions of Sections 33-41-350 to 33-41-390 to the contrary notwithstanding; provided, however, nothing in this section shall waive, limit or restrict the duty and liability otherwise of the bank as trustee of a partner's interest.  HISTORY: 1962 Code Section 8-245; 1955 (49) 321.
SC Code § 34-19-10 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-10. Definitions.

 "Lessee" means a person contracting with a lessor for the use of a safe deposit box.  "Lessor" means a bank, cash depository, or trust company renting safe deposit facilities authorized by law to operate in the State.  "Safe deposit box" means a safe deposit box, vault, or other safe deposit receptacle maintained by a lessor and the rules relating thereto apply to property or documents kept in safekeeping in the bank's vault.  HISTORY: 1962 Code Section 8-501; 1952 (47) 1932.
SC Code § 34-19-20 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-20. Safe deposit business authorized.

 Subject to the provisions of this chapter any bank, building and loan association, savings and loan association, savings association, savings bank, or trust company may maintain and lease safe deposit boxes and may accept property or documents for safekeeping.  HISTORY: 1962 Code Section 8-502; 1952 (47) 1932; 1985 Act No. 124, Section 4.
SC Code § 34-19-30 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-30. Lease of box to minor.

 A bank may lease a safe deposit box to and in connection therewith deal with a minor with the same effect as if leasing to and dealing with a person of full legal capacity.  HISTORY: 1962 Code Section 8-503; 1952 (47) 1932.
SC Code § 34-19-40 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-40. Access to box of fiduciary.

 Where a safe deposit box is made available by a lessor to one or more persons acting as fiduciaries, the lessor may, except as otherwise expressly provided in the lease or the writings pursuant to which such fiduciaries are acting, allow access thereto as follows:  (1) By any one or more of the persons acting as executors or administrators;  (2) By any one or more of the persons otherwise acting as fiduciaries when authorized in writing signed by all other persons so acting; or  (3) By any agent authorized in writing signed by all of the persons acting as fiduciaries.  HISTORY: 1962 Code Section 8-504; 1952 (47) 1932.
SC Code § 34-19-50 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-50. Access to box of decedent; removal of contents.

 A lessor shall permit the person named in a court order for the purpose, or if no order has been served upon the lessor, the spouse, a parent, an adult descendant or a person named as an executor in a copy of a purported will produced by him, to open and examine the contents of a safe deposit box leased by a decedent, or any documents delivered by a decedent for safekeeping, in the presence of an officer, manager, or assistant manager of the lessor; and the lessor, if so requested by such person, must deliver:  (1) Any writing purporting to be a will of the decedent to the executor, if one be therein named, otherwise to the court having jurisdiction of the decedent's estate;  (2) Any writing purporting to be a deed to a burial plot or to give burial instructions to the person making the request for a search; and  (3) Any document purporting to be an insurance policy on the life of the decedent to the beneficiary named therein.  No other contents shall be removed, pursuant to this section until an executor or administrator qualifies and makes claim to the contents.  HISTORY: 1962 Code Section 8-505; 1952 (47) 1932; 1996 Act No. 248, Section 5, eff April 1, 1996.  Effect of Amendment  The 1996 amendment revised this section by deleting the last paragraph respecting removal of contents of safe deposit boxes.
SC Code § 34-19-60 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-60. Refusal of access because of adverse claim.

 An adverse claim to the contents of a safe deposit box, or to property held in safekeeping, is not sufficient to require the lessor to deny access to its lessee unless:  (1) The lessor is directed to do so by a court order issued by a court of competent jurisdiction; or  (2) The safe deposit box is leased or the property is held in the name of a lessee with the addition of words indicating that the contents or property are held in a fiduciary capacity, and the adverse claim is supported by a written statement of facts disclosing that it is made by or on behalf of a beneficiary and that there is reason to know that the fiduciary will misappropriate the trust property.  A claim is also an adverse claim where one of several lessees claims, contrary to the terms of the lease, an exclusive right of access, or where one or more persons claim a right of access as agents or officers of a lessee to the exclusion of others as agents or officers, or where it is claimed that a lessee is the same person as one using another name.  HISTORY: 1962 Code Section 8-506; 1952 (47) 1932.
SC Code § 34-19-70 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-70. Opening box when rental is one year in default.

 If the rental due on a safe deposit box has not been paid for one year, the lessor may send a notice by registered mail to the last known address of the lessee stating that the safe deposit box will be opened and its contents stored at the expense of the lessee unless payment of the rental is made within thirty days. If the rental is not paid within thirty days from the mailing of the notice, the box may be opened in the presence of an officer, manager or assistant manager of the lessor and of a notary public who is not a director, officer, employee or stockholder of the lessor. The contents shall be sealed in a package by the notary public who shall write on the outside the name of the lessee and the date of the opening. The notary public shall execute a certificate reciting the name of the lessee, the date of the opening of the box and a list of its contents. The certificate shall be included in the package and a copy of the certificate shall be sent by registered mail to the last known address of the lessee. The package shall then be placed in the general vaults of the lessor at a rental not exceeding the rental previously charged for the box.  HISTORY: 1962 Code Section 8-507; 1952 Code Sections 8-572 to 8-574; 1942 Code Section 7902; 1932 Code Section 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.
SC Code § 34-19-80 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-80. Sale of contents unclaimed for two years.

 If the contents of the safe deposit box have not been claimed within two years of the mailing of the certificate as required by Section 34-19-70, the lessor may send a further notice to the last known address of the lessee stating that, unless the accumulated charges are paid within thirty days, the contents of the box will be sold at public auction at a specified time and place, or, in the case of securities listed on a stock exchange, will be sold upon the exchange on or after a specified date and that unsalable items will be destroyed. The time, place and manner of sale shall also be posted conspicuously on the premises of the lessor and advertised once seven days prior to the sale in a newspaper of general circulation in the community. If the articles are not claimed, and the accrued rent and disbursements of lessor paid, they may then be sold in accordance with the notice.  HISTORY: 1962 Code Section 8-508; 1952 Code Section 8-576; 1942 Code Section 7902; 1932 Code Section 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.
SC Code § 34-19-90 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-90. Disposition of proceeds of sale of contents.

 The balance of the proceeds of a sale under Section 34-19-80, after deducting accumulated charges, including the expense of advertising and conducting the sale, shall be deposited to the credit of the lessee in any account maintained by him, or if none, shall be deemed a deposit account with the bank, cash depository, or trust company operating the safe deposit facility, and shall be identified on the books of the bank as arising from the sale of contents of a safe deposit box.  HISTORY: 1962 Code Section 8-509; 1952 Code Section 8-577; 1942 Code Section 7902; 1932 Code Section 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.
SC Code § 34-19-100 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-100. Destruction of private documents of no apparent value.

 Any documents or writings of a private nature and having little or no apparent value need not be offered for sale under Section 34-19-80, but shall be retained, unless claimed by the owner, for a period of two years, after which they may be destroyed.  HISTORY: 1962 Code Section 8-510; 1952 Code Section 8-578; 1942 Code Section 7902; 1932 Code Section 7902; 1928 (35) 1271; 1951 (47) 363, 513; 1952 (47) 1932.
SC Code § 34-19-110 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 19 - Safe-deposit Boxes|Section 34-19-110. Use of words "safe deposit" or "safety deposit".

 It is unlawful for a person to use the words "safe deposit", "safety deposit", or other similar words in connection with the rental of storage space, or in the title or name under which business is done.  A person subject to the jurisdiction of the State Board of Financial Institutions, a manufacturer or dealer in safe deposit facilities or equipment, or an association, the membership of which is composed of officers or institutions subject to the jurisdiction of the board or the banking department of other states or of the United States, are exempt.  A person who violates the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than one year, or both.  HISTORY: 1962 Code Section 8-511; 1952 (47) 1932; 1993 Act No. 184, Section 207, eff January 1, 1994.  Effect of Amendment  The 1993 amendment rewrote this section so as to change the maximum term of imprisonment to conform to the classification established for each offense.
SC Code § 34-21-10 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-10. Written approval from State Board of Bank Control is required to conduct trust business.

 No corporation, partnership or other person shall conduct a trust business in this State without first making a written application to the State Board of Bank Control and receiving written approval from the Board. Before any such application shall be approved, the Board shall make an investigation to determine whether or not the applicant has complied with all the provisions of law, whether in the judgment of the Board the applicant is qualified to conduct such a business and whether the conduct of such a business would serve the public interest, taking into consideration local circumstances and conditions at the place where such applicant proposes to do business; provided, however, that any person actively engaged in conducting a trust business in this State on January 1, 1972, shall not be required to make the application and receive the approval provided for herein. Provided, further, that nothing contained in this section shall prevent a natural person or a national banking association having its principal place of business in this State from qualifying and acting as trustee, executor, administrator, guardian, committee or in any other fiduciary capacity.  HISTORY: 1962 Code Section 8-580; 1972 (57) 2148.
SC Code § 34-21-20 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-20. Examination; rules and regulations.

 All state chartered banks, building and loan associations, savings associations, savings and loan associations, savings banks, trust companies, and fiduciary corporations authorized to conduct a trust business in this State are subject to examination by the State Board of Financial Institutions and are further subject to rules and regulations promulgated by the Board.  HISTORY: 1962 Code Section 8-581; 1952 Code Section 8-581; 1942 Code Section 7905; 1932 Code Section 7905; 1930 (36) 1367; 1933 (38) 296; 1936 (39) 1484; 1972 (57) 2557; 1985 Act No. 124, Section 5.
SC Code § 34-21-30 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-30. Fiduciary assets must be segregated; separate books and records; officer in charge.

 Banks, trust companies, or corporations acting in a fiduciary capacity shall segregate all assets held in any fiduciary capacity from the general assets of the bank, trust company, or corporation and shall keep a separate set of books or records showing in proper detail all transactions relative to this fiduciary business, and these books and records must be under the management of an officer whose duty must be prescribed by the board of directors.  HISTORY: 1962 Code Section 8-582; 1952 Code Section 8-582; 1942 Code Section 7906; 1932 Code Section 7606; 1930 (36) 1367; 1985 Act No. 124, Section 6.
SC Code § 34-21-40 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-40. Forms of security for funds received or held in trust.

 Funds received or held in the trust department of the bank or by a trust company awaiting investment or distribution must be secured to the trust department or trust company if these funds have been deposited in its own bank, in any of its affiliate banks, or in any other banking corporation by:  (1) furnishing an indemnity bond in a responsible surety company authorized to do business in this State; or  (2) pledging as collateral:  (a) obligations of the United States;  (b) obligations fully guaranteed both as to principal and interest by the United States;  (c) general obligations of this State or a political subdivision of this State; or  (d) obligations of the Federal National Mortgage Association, the Federal Home Loan Banks, Federal Farm Credit Banks, or the Federal Home Loan Mortgage Corporation; or  (3) providing an irrevocable letter of credit issued by the Federal National Mortgage Association, the Federal Home Loan Banks, Federal Farm Credit Banks, or the Federal Home Loan Mortgage Corporation, in which the letter of credit otherwise meets any criteria established and prescribed by the State Treasurer for public funds.  HISTORY: 1962 Code Section 8-583; 1952 Code Section 8-583; 1942 Code Section 7907; 1932 Code Section 7907; 1930 (36) 1367; 1991 Act No. 156, Section 1, eff June 12, 1991; 2006 Act No. 308, Section 1, eff upon approval (became law without the Governor's signature on June 1, 2006).  Effect of Amendment  The 1991 amendment added "of the bank or by a trust company", "or trust company", and "in any of its affiliate banks".  The 2006 amendment substituted items (1) to (4) for "bonds acceptable for the securing of public funds in the State equal in market value to the amount of funds deposited".
SC Code § 34-21-50 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-50. Investment of funds.

 Funds held by the trust department shall be invested as soon as practicable in strict accordance with the will or agreement governing the trust and in the absence of such direction shall be invested under the terms of the laws for such investments in this State. The investments shall be made by an investment committee, appointed by the board of directors, and all such investments shall be approved by the board of directors.  HISTORY: 1962 Code Section 8-584; 1952 Code Section 8-584; 1942 Code Section 7908; 1932 Code Section 7908; 1930 (36) 1367.
SC Code § 34-21-60 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-60. Investments shall be kept separate.

 The investments of each individual trust shall be kept separate and distinct from all other trusts and shall be plainly marked.  HISTORY: 1962 Code Section 8-585; 1952 Code Section 8-585; 1942 Code Section 7909; 1932 Code Section 7909; 1930 (36) 1367.
SC Code § 34-21-70 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 21 - Banks And Corporations Doing Trust Business|Section 34-21-70. Custody of securities.

 The securities of the trust department for each individual trust shall be in the joint custody of two or more officers or other employees designated by the board of directors of the bank or trust company, as the case may be, and such officers or employees shall be bonded.  HISTORY: 1962 Code Section 8-586; 1952 Code Section 8-586; 1942 Code Section 7910; 1932 Code Section 7910; 1930 (36) 1367.