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SC S0818
Bill
Status
Introduced
1/15/2026
Primary Sponsor
Stephen Goldfinch
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AI Summary
- Adds Section 62-1-113 to the South Carolina Code of Laws to define "trust business"
- Defines "trust business" narrowly as the provision of services related to investment in or management of a common trust fund
- Explicitly excludes all other fiduciary activities by individuals or organizations from the definition, regardless of corporate form
- Takes effect upon approval by the Governor
Legislative Description
Trust Business
Last Action
Referred to Committee on Judiciary
1/15/2026
Committee Referrals
Judiciary1/15/2026
Full Bill Text
No bill text available