South Carolina Code of Regulations
Chapter 52 - STATE ETHICS COMMISSION
Article 9 - BLIND TRUSTS
Section 52-901 - General

Universal Citation: SC Code Regs 52-901

Current through Register Vol. 48, No. 9, September 27, 2024

A. A Blind Trust is any trust in which a public official, public member, public employee, candidate for elective office, or a member of his household has a beneficial interest in the principal or income and the trustee of the trust is a financial institution, an attorney, a certified public accountant, a broker, or an investment adviser who (a) is independent of and not associated with any interested party so that the trustee cannot be controlled or influenced in the administration of the trust by any interested party; (b) is not or has not been an employee of any interested party, or any organization affiliated with any interested party, and is not a partner of or involved in any joint venture or other investment with any interested party; and (c) is not a relative of any interested party.

B. [Reserved]

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