A person who violates the provisions of Section 34-13-80 is guilty of a felony and, upon conviction, must be fined in the discretion of the court or imprisoned not more than ten years, or both.
HISTORY: 1962 Code Section 8-229; 1952 Code Section 8-229; 1942 Code Section 7874-1; 1932 Code Section 1361; Cr. C. '22 Section 258; Cr. C. '12 Section 296; Cr. C. '02 Section 218; 1897 (21) 463; 1984 Act No. 391, Section 2; 1993 Act No. 184, Section 64, eff January 1, 1994.
Effect of Amendment
The 1993 amendment rewrote this section so as to change portions from misdemeanors to felonies and the maximum term of imprisonment to conform to the new crime classification system.
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.