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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 34-30-1340. Investments in stock or bonds of Federal Home Loan Banks.
Universal Citation: SC Code § 34-30-1340 (2017)
A state savings bank may invest in the stock of the Federal Home Loan Bank of which the savings bank is a member, and in bonds or other evidences of indebtedness or obligation of a Federal Home Loan Bank.
HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
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