When warehouse receipts for products are pledged as securities in any State bank under examination the examiner of such bank may go upon the premises of the person issuing the receipts, question the management under oath and, if thought necessary, have the actual product exhibited to him.
HISTORY: 1962 Code Section 8-230; 1952 Code Section 8-230; 1942 Code Section 7858; 1932 Code Section 7872; Civ. C. '22 Section 4000; Civ. C. '12 Section 2662; Civ. C. '02 Section 1777; R. S. 1540; 1885 (19) 212; 1897 (22) 463; 1914 (28) 487; 1918 (30) 880; 1923 (33) 161.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 13 - Bank Loans And Investments
Section 34-13-50. Maximum amounts of loans; generally.
Section 34-13-70. Maximum amounts of loans; another maximum.
Section 34-13-80. Limitations on loans to directors and officers.
Section 34-13-90. Penalty for improper borrowing by directors or officers.
Section 34-13-100. Investigation of security consisting of warehouse receipts.
Section 34-13-110. Certain discounts are not considered as money borrowed.
Section 34-13-140. Restrictions on loan on or purchase of bank's own stock.
Section 34-13-160. Investment in farm loan bonds; accountability for interest.