2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 3 - BANKS AND BANKING GENERALLY
Section 34-3-420. Statement shall be sent to Board; failure to report.
The statements referred to in Section 34-3-380 shall be sent to the State Board of Financial Institutions within thirty days of the statement date requested and shall be in such form as may be required by the board. Any bank which fails to report within the time given, without excuse given to the board, shall be subject to a fine of ten dollars a day for each day's delay, collectible by the board in any court of competent jurisdiction.
HISTORY: 1962 Code Section 8-263; 1952 Code Section 8-263; 1942 Code Section 7862; 1932 Code Section 7860; Civ. C. '22 Section 3990; Civ. C. '12 Sections 2651, 2652; 1909 (26) 91; 1913 (28) 65; 1919 (31) 48; 1933 (38) 296; 1936 (39) 1484; 1943 (43) 167; 1995 Act No. 116, Section 2, eff (became law without the Governor's signature on June 13, 1995).
Effect of Amendment
The 1995 amendment revised the date the reports must be submitted, deleted the reference to Section 34-3-400, and substituted "State Board of Financial Institutions" for "State Board of Bank Control".
