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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 34-30-1360. Investments in stock of federal government sponsored enterprises.
Universal Citation: SC Code § 34-30-1360 (2018)
A state savings bank may invest in stock or other evidences of indebtedness or obligations of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or other federal government sponsored enterprise, or its successor.
HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
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