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2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 30 - A STATE SAVINGS BANK CHARTER IN SOUTH CAROLINA
Section 34-30-1310. Investments in real property; limitations.
Universal Citation: SC Code § 34-30-1310 (2017)
With the prior approval of the board, a state savings bank may invest in real property for the conduct of its business. The total investment in fixed assets must not exceed fifty percent of the state savings bank's net worth.
HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
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