South Carolina Code of Laws
Chapter 30 - A State Savings Bank Charter In South Carolina
Section 34-30-1000. Membership of mutual state savings banks.

South Carolina Code of Laws

Title 34 - Banking, Financial Institutions and Money

Chapter 30 - A State Savings Bank Charter In South Carolina

Section 34-30-10. Short title.

Section 34-30-20. Application of chapter.

Section 34-30-30. Definitions.

Section 34-30-50. Application of Business Corporation Act.

Section 34-30-60. Prior charters; legal name, requirements; prohibited acts; injunctions.

Section 34-30-70. Organization and establishment; application, fee; contents of application.

Section 34-30-80. Proposed mutual state savings banks, proposed stock state savings banks; articles of incorporation.

Section 34-30-90. Board examination of application.

Section 34-30-100. Mutual state savings banks, stock state savings banks; approval of application; minimum pledges, adjustment, considerations.

Section 34-30-110. Incomplete applications; time for approval or rejection of completed applications.

Section 34-30-120. Approval or disapproval of application; order; filing of articles; corporate existence; certificate of authorization, commencement of business; limitation on ownership or control.

Section 34-30-130. Insurance on deposit accounts; certification; time for obtaining insurance; excess insurance.

Section 34-30-140. Commencement of business; failure to commence within time limit, extension of time; forfeiture of corporate existence; certificate of authorization.

Section 34-30-150. Amendment of articles of incorporation; certification, submission, approval; quorum, voting requirement.

Section 34-30-160. Confidentiality of records; inspection and examination; release; list of members or stockholders.

Section 34-30-170. Establishment of branch offices; application, fee; approval or denial; corporate office.

Section 34-30-180. Change of office location; information, evaluation.

Section 34-30-190. Discontinuance of branch office operation.

Section 34-30-200. Loan production office, opening or closing.

Section 34-30-300. Conversion to state savings bank; application, examination, fee; conversion plan, amendment; vote, filing of results; approval.

Section 34-30-310. Conversion to federal charter; procedure.

Section 34-30-320. Conversion to federal charter with change from stock to mutual, or mutual to stock; conversion to state charter with change from mutual to stock.

Section 34-30-330. Mutual state savings bank conversion to stock; application, fee; conversion plan; amendment; approval; vote.

Section 34-30-340. Merger or consolidation of state savings banks; procedure.

Section 34-30-350. Merger of state savings banks and federal depository institutions.

Section 34-30-360. Merger of stock state savings banks with banks or associations; merger plan; amendment; approval; vote.

Section 34-30-370. Voluntary dissolution of state savings banks.

Section 34-30-380. Resolution to dissolve and liquidate state savings banks and adopt plan of voluntary dissolution; election of liquidators; execution of plan, procedure.

Section 34-30-390. Final report and accounting of liquidation; approval of report; certificate of dissolution, recording.

Section 34-30-400. Limitations on mergers.

Section 34-30-410. Short form merger, consolidation, conversion, or combination merger and conversion.

Section 34-30-420. Applications for permission to organize interim state savings banks; preliminary approval.

Section 34-30-510. Powers and duties of board.

Section 34-30-520. Implementation; application of State Administrative Procedures Act; cease and desist orders; suspension of directors, officers, or committee members; authorization to engage in activities of federally chartered savings banks.

Section 34-30-530. Adoption of rules, regulations, definitions, and forms; recording or reproducing of records; printed reproductions.

Section 34-30-540. Examinations and investigations; report; prohibition against delay or obstruction of examinations, refusal to exhibit records, false statements.

Section 34-30-550. Supervision and examination fees.

Section 34-30-560. Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.

Section 34-30-570. Board and agents, powers; failure to comply with subpoena, refusal to testify; contempt proceedings.

Section 34-30-580. Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses.

Section 34-30-590. Confidentiality of records or information; disclosure of specific information; exchange of information; violations by state officials, liability; copy fees.

Section 34-30-600. Defamation; false information and advertising; fine or imprisonment.

Section 34-30-760. Violations; statement, order of discontinuance and compliance; enforcement by court; application for hearing and suspension of order; notice; adjudication.

Section 34-30-770. Appointment of conservator; confirmation of appointment; power and authority; term; compensation; discharge; limitations; business of bank under conservatorship.

Section 34-30-780. Appointment of receiver; confirmation of appointment; power and authority; compensation; tender of appointment to Federal Deposit Insurance Corporation; procedure; contesting of proceedings; reimbursement of expenses and attorney f...

Section 34-30-1000. Membership of mutual state savings banks.

Section 34-30-1010. Bank directors; election; terms; weighted voting; voting rights; election of stock savings bank directors; terms; ownership interest; number of directors; vacancies; restrictions.

Section 34-30-1020. Bylaws and amendments; certification; effective date; amendment.

Section 34-30-1030. Fiduciary duties of officers and directors; duties of good faith, diligence, and care.

Section 34-30-1040. Conflict of interest.

Section 34-30-1050. Voting rights; production of books of record; majority determination of questions.

Section 34-30-1060. Annual meetings; notice.

Section 34-30-1070. Special meetings; notice.

Section 34-30-1080. Quorum.

Section 34-30-1090. Blanket indemnity bond; bonding of agents; settlement; cancellation.

Section 34-30-1100. Exemption of directors or officers from personal liability; limitations; breach of duty of loyalty defined.

Section 34-30-1210. Permitted loans.

Section 34-30-1220. Loan procedures; report of actions; loans on collateral; unsecured loans; investment of funds; sale of loans.

Section 34-30-1230. Acceptance of own capital stock or mutual capital certificates as security prohibited.

Section 34-30-1240. Condition of loan on specific contracts prohibited.

Section 34-30-1250. Loan expenses; late payment charge; levy of payments.

Section 34-30-1260. Repayment plan; written agreement required.

Section 34-30-1270. Stringency of rules or regulations.

Section 34-30-1280. Limitations on rules or regulations.

Section 34-30-1290. Loans or investments violating this chapter.

Section 34-30-1300. Limitation on total loans and extensions of credit; "person" defined; rules or regulations.

Section 34-30-1310. Investments in real property; limitations.

Section 34-30-1320. Investments in obligations issued and guaranteed by federal government.

Section 34-30-1330. Investments in obligations issued and guaranteed by State.

Section 34-30-1340. Investments in stock or bonds of Federal Home Loan Banks.

Section 34-30-1350. Investments in certificates of deposit, time-insured deposits, savings accounts, demand deposits, or withdrawable accounts.

Section 34-30-1360. Investments in stock of federal government sponsored enterprises.

Section 34-30-1370. Investments in direct general obligations of state government, bonds payable from pledged revenues or earnings.

Section 34-30-1380. Investments in stock of corporations or state agencies which provide educational loans.

Section 34-30-1390. Investments in stock of business or industrial development corporations.

Section 34-30-1400. Investments in stock of urban renewal investment corporations.

Section 34-30-1410. Limitations on loans and investments in commercial loans.

Section 34-30-1420. Establishment of service corporations; investments in securities of existing service corporations; limitations; audit and examination; report of proposed activities, objections; office locations.

Section 34-30-1430. Loans or investments for federal associations or national banking associations located in State.

Section 34-30-1440. Authorized actions of state savings banks; issuance of capital notes, bonds, debentures, or other obligations or securities.

Section 34-30-1450. Vesting of security ownership in parties other than original executors; dealings with successors in interest.

Section 34-30-1610. Deposits; accounts, transfer; deposit account contract; evidence of account ownership; loss or destruction of evidence of ownership, issuance of new evidence of ownership, bond.

Section 34-30-1620. Accounts from married or minor persons as sole owner; payment or delivery of rights; actions of minor binding; no parental power to attach or transfer savings account of minor; death of minor.

Section 34-30-1630. Account in name of two persons; joint tenancy; liability; payments during lifetime and upon death, deletion; refusal to honor request pending determination of rights; deposits of fiduciaries for beneficiaries; death of fiduciary;...

Section 34-30-1640. Authority of attorneys-in-fact; notice of revocation of authority; liability.

Section 34-30-1650. Pledge or hypothecation of savings account in joint tenancy.

Section 34-30-1660. Adverse claims to accounts.

Section 34-30-1670. Advance notice of intention to withdraw; inability to pay withdrawal requests, procedure; computation of earnings.

Section 34-30-1680. Redemption of savings accounts; notice; redemption price; cessation of earnings accrual; evidences of ownership, tender for payment or cancellation; closing of account.

Section 34-30-1690. Entities authorized to invest funds in deposit accounts; deposit of securities; bond; provisions supplemental.

Section 34-30-1700. Checks refused for payment, insufficient funds; processing fees.

Section 34-30-1720. Absolute or conditional transfer of rights; evidence of transfer; application for transfer; terms of acceptance.

Section 34-30-1730. Authorization of board and officers to borrow money.

Section 34-30-1740. State savings bank subscription in capital stock, membership in federal reserve bank; supervision and examination; disclosure of information.

Section 34-30-1750. Powers to acquire and be acquired.

Section 34-30-1950. Ownership of stock savings bank by holding company; conversion; reorganization by stock and mutual state savings banks; organization of mutual holding companies, articles of incorporation, ownership of voting stock; investments.

Section 34-30-1960. Acquisition of control of state savings bank or holding company; supervision of holding company; rules or regulations.