KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to South Carolina

S818 • 2026

Trust Business

Trust Business

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Senator Goldfinch
Last action
2026-01-15
Official status
Referred to Committee on Judiciary ( Senate Journal-page 5 )
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Trust Business

Trust Business

What This Bill Does

  • Trust Business

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-15 Senate

    Introduced and read first time ( Senate Journal-page 5 )

  2. 2026-01-15 Senate

    Referred to Committee on Judiciary ( Senate Journal-page 5 )

Official Summary Text

Trust Business

Current Bill Text

Read the full stored bill text 
2025-2026 Bill 818: Trust Business - South Carolina Legislature Online

South Carolina General Assembly
126th Session, 2025-2026
Download
This Bill
in Microsoft Word Format
Indicates Matter Stricken
Indicates New Matter
S. 818
STATUS INFORMATION
General Bill
Sponsors: Senator Goldfinch
Document Path: LC-0476SA26.docx
Introduced in the Senate on January 15, 2026
Currently residing in the Senate Committee on
Judiciary
Summary: Trust Business
HISTORY OF LEGISLATIVE ACTIONS

Date

Body

Action Description with journal page number

1/15/2026

Senate

Introduced and read first time (
Senate Journal-page 5
)

1/15/2026

Senate

Referred to Committee on
Judiciary
(
Senate Journal-page 5
)

View the latest
legislative information
at the website
VERSIONS OF THIS BILL
01/15/2026

A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS
BY ADDING SECTION
62-1-113
SO AS TO PROVIDE A DEFINITION FOR THE TERM "TRUST
BUSINESS."

B
e it enacted by the General Assembly of the State of South Carolina:

S
ECTION 1.
P
art 1, Article 1, Title 62 of
the S.C. Code is amended by adding:

S
ection
62-1-113
. For purposes of the South Carolina Code of Laws, "trust business"
means the provision of services related to the investment in or management of a
common trust fund and does not include any other fiduciary activities by an
individual or organization, regardless of the corporate form.

S
ECTION
2. This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on January 15, 2026 at 11:22 AM