2013 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 25 - SOUTH CAROLINA BANKING AND BRANCHING EFFICIENCY ACT OF 1996
SECTION 34-25-20. Purpose.
This article sets forth the conditions under which a company may acquire a South Carolina bank or a South Carolina bank holding company. This article is intended not to discriminate against out-of-state holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Pub.L. No. 103-328.
HISTORY: 1996 Act No. 310, Section 2, eff July 1, 1996.
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