The discount of bills of exchange drawn in good faith against existing values and the discount of commercial business paper shall not be considered as money borrowed.
HISTORY: 1962 Code Section 8-231; 1952 Code Section 8-231; 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.