There is a newer version of the South Carolina Code of Laws
2013 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 28 - SAVINGS ASSOCIATIONS
ARTICLE 1. GENERAL PROVISIONS- SECTION 34-28-10. Short title of Articles 1 through 10.
- SECTION 34-28-20. Application of the South Carolina Business Corporation Act.
- SECTION 34-28-30. Definitions.
- SECTION 34-28-100. Application for authority to incorporate; action by Board on application.
- SECTION 34-28-110. Name of an association.
- SECTION 34-28-120. Capital stock of state stock associations; power and limitations on sale and issuance of stock; characteristics of capital stock; loans secured by capital stock prohibited; restrictions on ownership of stock.
- SECTION 34-28-130. Articles of incorporation content; approval by Board; amendment.
- SECTION 34-28-140. Bylaws.
- SECTION 34-28-150. Opening for business.
- SECTION 34-28-160. Home, corporate and branch offices; facilities.
- SECTION 34-28-200. Conversion of state chartered associations into federal associations without change of business form.
- SECTION 34-28-210. Conversion of federal association into state chartered association without change of business form.
- SECTION 34-28-220. Conversion of a state or federal mutual association to a state capital stock association.
- SECTION 34-28-230. Power to reorganize, merge, or consolidate or sell assets out of the ordinary course of business.
- SECTION 34-28-240. Voluntary supervisory stock conversions.
- SECTION 34-28-250. Supervisory case; emergency conversion, reorganization and merger.
- SECTION 34-28-260. Acquisition of majority control over existing stock-owned association.
- SECTION 34-28-270. Dissolution.
- SECTION 34-28-300. Definitions.
- SECTION 34-28-310. Act requiring prior approval of the Board.
- SECTION 34-28-320. Acts requiring prior approval of federal authorities.
- SECTION 34-28-330. Savings and loan holding company acquisitions not requiring prior approval.
- SECTION 34-28-340. Applications to the Board for approval.
- SECTION 34-28-350. Permissible nondisqualified acquisitions.
- SECTION 34-28-360. Prohibited acquisitions.
- SECTION 34-28-370. Person acquiring a South Carolina association or South Carolina savings and loan holding company is subject to South Carolina laws.
- SECTION 34-28-380. Registration of association; reports; regulations.
- SECTION 34-28-390. Penalties and remedies.
- SECTION 34-28-400. Meetings of members or stockholders; voting rights, proxies, quorum requirements.
- SECTION 34-28-410. Access to books and records; confidentiality.
- SECTION 34-28-420. Directors; number; qualifications; meetings.
- SECTION 34-28-430. Indemnity bonds.
- SECTION 34-28-440. Conflict of interest; transactions of officers and directors.
- SECTION 34-28-450. Books, records, and accounting practices.
- SECTION 34-28-500. Powers of associations generally.
- SECTION 34-28-510. Investment in loans.
- SECTION 34-28-520. Investments in service corporations.
- SECTION 34-28-530. Direct ownership of real estate by associations.
- SECTION 34-28-540. Other investment powers and limitations; reserves and liquidity requirements.
- SECTION 34-28-550. Dealing with successors in interest.
- SECTION 34-28-560. Right to avoid loss.
- SECTION 34-28-570. Maximum loans to one borrower.
- SECTION 34-28-600. Deposit accounts; general conditions.
- SECTION 34-28-610. Married persons and minors.
- SECTION 34-28-620. Deposit accounts in two or more names; administrators and other fiduciaries; incompetents and deceased nonresidents.
- SECTION 34-28-630. Powers of attorney on deposit accounts.
- SECTION 34-28-640. Pledge to association of savings accounts in joint tenancy.
- SECTION 34-28-650. Adverse claim to deposit account.
- SECTION 34-28-660. Withdrawal of savings accounts.
- SECTION 34-28-670. Redemption of savings accounts.
- SECTION 34-28-680. Savings accounts as legal investments and security.
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.
