If the State Board of Financial Institutions determines that any provision of Title 34 of the 1976 Code is inconsistent with the purpose for which a banker's bank is organized and that the public welfare or any financial institution would not be jeopardized thereby, it may by regulation exempt a banker's bank from the provision or limit its application.
HISTORY: 1985 Act No. 46 Section 5.
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.