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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 34-26-800. Loans and lines of credit; establishment of written policies.
Universal Citation: SC Code § 34-26-800 (2017)
A credit union may loan to members for such purposes and upon such conditions and by such means as the bylaws may provide. The board of directors shall establish written policies with respect to the granting of loans and the extending of lines of credit, including the terms, conditions, and acceptable forms of security.
HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.
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