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2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 26 - SOUTH CAROLINA CREDIT UNION ACT
Section 34-26-1350. Participation in National Credit union Administration Central Liquidity Facility; other state and federal financial systems; agreements with third parties.
Universal Citation: SC Code § 34-26-1350 (2017)
The corporate credit union may enter into agreements and subscribe to any required shares for the purpose of participation in the National Credit Union Administration Central Liquidity Facility created by Public Law 95-630 or any other state or federal central financial system available to credit unions. It may also enter into agreements with any third parties to aid credit unions to obtain additional sources of liquidity.
HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.
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