There is a newer version of the South Carolina Code of Laws
2014 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 33 - BANKER'S BANKS
SECTION 34-33-60. Limitation on investments in banker's banks.
SC Code § 34-33-60 (2014) What's This?
Notwithstanding any other provision of law, up to fifteen percent of the capital accounts of a bank may be invested in the capital stock of a banker's bank, except that no purchase of stock may result in acquisition of more than five percent of any class of voting securities of the banker's bank.
HISTORY: 1985 Act No. 46 Section 6.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
