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2017 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 5 - MANAGEMENT OF BANK BY CONSERVATORS
Section 34-5-70. Withdrawal of deposits and payment of creditors.
Universal Citation: SC Code § 34-5-70 (2017)
While such bank is in the hands of a conservator the Board may require the conservator to set aside and make available for withdrawal by depositors and payment to other creditors, on a ratable basis, such amounts as in the opinion of the Board may safely be used for this purpose.
HISTORY: 1962 Code Section 8-287; 1952 Code Section 8-287; 1942 Code Section 7829-7; 1936 (39) 1484.
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