Each out-of-state state bank that has established and maintains a branch in this State pursuant to this article, shall give at least thirty days' prior written notice (or, in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law) to the board of any merger, consolidation, or other transaction that would cause a change of control with respect to such bank or any bank holding company that controls such bank, with the result that an application would be required to be filed pursuant to the federal Change in Bank Control Act of 1978, as amended, or the federal Bank Holding Company Act of 1956, as amended, or any successor statutes thereto.
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.