A financial institution authorized to do business in South Carolina under federal or state law, subject to the supervision of the appropriate state or federal regulatory agency of the participating financial institution, may conduct a savings promotion contest in accordance with the provisions of this chapter and this title for the purposes of encouraging its depositors to maintain savings accounts and to increase personal savings.
HISTORY: 2016 Act No. 203 (S.652), Section 1, eff June 3, 2016.
Structure South Carolina Code of Laws
Title 34 - Banking, Financial Institutions and Money
Chapter 45 - Savings Promotion Contests
Section 34-45-10. Legislative findings.
Section 34-45-20. Definitions.
Section 34-45-30. Savings promotion contests authorized.
Section 34-45-40. Conditions for conducting savings promotion contest.
Section 34-45-50. Cease and desist orders.
Section 34-45-60. Construction of savings promotion contest.