There is a newer version of the South Carolina Code of Laws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
SECTION 34-28-560. Right to avoid loss.
SC Code § 34-28-560 (2013) What's This?
Nothing in this chapter or in any other provision of law may be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on any loan or investment theretofore made or any obligation created in good faith.
HISTORY: 1985 Act No. 124, Section 1.
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