For the purposes of this chapter:
"Clearing corporation" means a corporation, all of the capital stock of which is held by or for a national securities exchange registered under the Securities Exchange Act of 1934, as amended.
"Custodian" means a national bank, or a bank or trust company organized under or subject to the banking law, acting as custodian for a clearing corporation.
HISTORY: 1962 Code Section 12-17.31; 1965 (54) 550.
Structure South Carolina Code of Laws
Title 33 - Corporations, Partnerships and Associations
Chapter 27 - Transfer Of Stock In Custody Of Clearing Corporations
Section 33-27-10. Definitions.
Section 33-27-20. Transfer of title to stock or rights.
Section 33-27-30. Pledge of stock or rights.
Section 33-27-40. Provisions of chapter shall be controlling.