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2018 South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
CHAPTER 30 - A STATE SAVINGS BANK CHARTER IN SOUTH CAROLINA
Section 34-30-1290. Loans or investments violating this chapter.
Universal Citation: SC Code § 34-30-1290 (2018)
Unless otherwise provided, every loan or other investment made in violation of this chapter is due and payable according to its terms and its obligation is not impaired if the violation consists only of the lending of an excessive sum of authorized security or of investing in an unauthorized investment.
HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
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