A banker's bank chartered pursuant to this chapter is subject to the appropriate banking provisions in Title 34 of the 1976 Code and the regulations thereunder and except as specifically provided in this chapter or by order of the State Board of Financial Institutions, a banker's bank is vested with and subject to the same rights, privileges, duties, restrictions, penalties, liabilities, conditions, and limitations that would apply to a state bank.
HISTORY: 1985 Act No. 46 Section 3.
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.