S.C. Code Ann. § 9-11-240
Former Section 9-11-240 was entitled "Board shall be trustee of funds; powers with respect to securities and other investments; Board members or employees not to have personal financial interest in moneys" and was derived from 1962 Code Section 61-345.2; 1962 (52) 1933; 1974 (58) 2032; 1998 Act No. 371, Section 6, eff May 26, 1998.