The form of notice from the Commissioner of Banking to the chief executive of the bank referred to in Section 34-3-350 must be as follows:
To the Chief Executive: In accordance with the law I enclose a copy of the report of examination of your bank made __________, 20___, by the Commissioner of Banking, __________, with the request that it be considered at a meeting of your directors to be held within thirty days from this date and a record of the action taken thereon entered upon the minutes. Please also fill out and return the form attached.
Commissioner of Banking.
HISTORY: 1962 Code Section 8-257; 1952 Code Section 8-257; 1942 Code Section 7869; 1932 Code Section 7877; 1929 (36) 127; 1933 (38) 296; 1936 (39) 1484; 2021 Act No. 30 (S.467), Section 3, eff May 6, 2021.
Effect of Amendment
2021 Act No. 30, Section 3, rewrote the section.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 3 - Banks And Banking Generally
Section 34-3-10. Use of "bank" or "banking" by other than banking institutions.
Section 34-3-20. Provisions not applicable to national banks.
Section 34-3-30. Certain parts of bank charters repealed.
Section 34-3-40. Shares of stock requisite for eligibility as bank director.
Section 34-3-50. Officers and employees must be bonded.
Section 34-3-65. Opening of deposit accounts at special events; conditions.
Section 34-3-70. False statements concerning solvency of bank.
Section 34-3-100. Transaction of business in State by foreign bank.
Section 34-3-110. Crimes against a federally chartered or insured financial institution.
Section 34-3-210. General powers of banking corporation.
Section 34-3-220. Acceptance of drafts and bills of exchange.
Section 34-3-230. Directors may make and change bylaws.
Section 34-3-240. Other powers of directors.
Section 34-3-250. Association with national reserve association.
Section 34-3-260. Transaction of business by wholly-owned subsidiary of state bank or trust company.
Section 34-3-310. Examination of banks.
Section 34-3-320. Examination fees; number of examinations annually.
Section 34-3-330. Federal examinations.
Section 34-3-340. Reports and examinations by Federal Deposit Insurance Corporation.
Section 34-3-350. Directors shall review reports of examinations.
Section 34-3-360. Form of notice to chief executive.
Section 34-3-370. Form of report to Commissioner of Banking.
Section 34-3-380. Report of condition.
Section 34-3-420. Statement shall be sent to Board; failure to report.
Section 34-3-510. Records must be retained.
Section 34-3-520. Regulations classifying records.
Section 34-3-530. Destruction of records.
Section 34-3-540. Copies and reproductions of bank records; admissibility in evidence.
Section 34-3-550. Application of article.
Section 34-3-610. "Banking institution" defined.
Section 34-3-620. Relationship with Federal Deposit Insurance Corporation generally.
Section 34-3-630. Federal Deposit Insurance Corporation as receiver or liquidator.
Section 34-3-810. National bank may become state bank; procedure.
Section 34-3-820. Time corporate existence as state bank commences.
Section 34-3-830. Transfer of assets, property, and rights of national or state bank.
Section 34-3-840. Directors and organization.
Section 34-3-850. Consolidation or merger of banks and trust companies.