S.C. Code § 62-7-404

Current through 2024 Act No. 225.

Section 62-7-404 - Trust purposes

A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.

S.C. Code § 62-7-404

Amended by 2013 S.C. Acts, Act No. 100 (SB 143), s 2, eff. 1/1/2014.

2005 Act No. 66, Section 1.