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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 34-30-1410. Limitations on loans and investments in commercial loans.
Universal Citation: SC Code § 34-30-1410 (2017)
Subject to rules or regulations that the board considers appropriate, a state savings bank may lend and invest no more than fifty percent of its total assets in commercial loans. A commercial loan is for business, commercial, corporate, and agricultural purposes.
HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
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