This article sets forth the conditions under which a company may acquire a South Carolina bank or a South Carolina bank holding company. This article is intended not to discriminate against out-of-state holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Pub.L. No. 103-328.
HISTORY: 1996 Act No. 310, Section 2, eff July 1, 1996.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 25 - South Carolina Banking And Branching Efficiency Act Of 1996
Section 34-25-10. Definitions.
Section 34-25-30. Board approval.
Section 34-25-40. Application.
Section 34-25-50. Disapproval of application.
Section 34-25-60. Time for decision; public hearing.
Section 34-25-80. Agency agreements; prohibited activity.
Section 34-25-90. Enforcement.
Section 34-25-100. Board authority.
Section 34-25-220. Definitions.
Section 34-25-230. Merger resulting in South Carolina state bank; board approval.
Section 34-25-240. Merger resulting in out-of-state bank; board approval.
Section 34-25-250. Application.
Section 34-25-260. Findings of board.
Section 34-25-270. Applicable law.
Section 34-25-280. Reporting; board authority.
Section 34-25-290. Enforcement.