Investments in securities of subsidiaries are not subject to other restrictions.

S.C. Code Ann. § 38-21-40
in effect
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Investments in common stock, preferred stock, debt obligations, or other securities of subsidiaries made pursuant to Section 38-21-30 are not subject to any other investment restrictions or prohibitions contained in this title.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c021.phpFetched: 10/17/2026

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