As used in this chapter, "banker's bank" means a bank insured by the Federal Deposit Insurance Corporation or the holding company which owns or controls such an insured bank where the stock of the bank or holding company is owned exclusively by other banks and the bank or holding company and all its subsidiaries are engaged exclusively in providing services for other depository institutions, their officers, directors, and employees.
HISTORY: 1985 Act No. 46 Section 1.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Section 34-33-10. "Banker's bank" defined.
Section 34-33-20. Formation of corporation.
Section 34-33-30. Applicability of banking laws and regulations.
Section 34-33-40. Repurchase of capital stock.
Section 34-33-50. Exemption from banking laws.
Section 34-33-60. Limitation on investments in banker's banks.