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Section 34-28-10. Short title of Articles 1 through 10. - Articles 1 through 10 of this chapter are known and...
Section 34-28-20. Application of the South Carolina Business Corporation Act. - When not in direct conflict with or superseded by specific...
Section 34-28-30. Definitions. - As used in this act, unless the context otherwise requires:...
Section 34-28-100. Application for authority to incorporate; action by Board on application. - (1) When authorized by the Board as provided in this...
Section 34-28-110. Name of an association. - (1) The name of every association shall include either the...
Section 34-28-120. Capital stock of state stock associations; power and limitations on sale and issuance of stock; loans, characteristics, and restrictions. - (1) A stock owned association may issue the shares of...
Section 34-28-130. Articles of incorporation content; approval by board; amendment. - (1) The Articles of Incorporation of an association shall contain:...
Section 34-28-140. Bylaws. - Unless the Articles of Incorporation provide otherwise, the Board of...
Section 34-28-150. Opening for business. - (1) An association shall open and conduct a general savings...
Section 34-28-160. Home, corporate, and branch offices; facilities. - (1) Each office must be operated from the home or...
Section 34-28-200. Conversion of state-chartered associations into federal associations without change of business form. - (1) At an annual meeting or at any special meeting...
Section 34-28-210. Conversion of federal association into state-chartered association without change of business form. - Any federal association may apply to the Board for permission...
Section 34-28-220. Conversion of a state or federal mutual association to a state capital stock association. - (1) Any state or federal mutual association may apply to...
Section 34-28-230. Power to reorganize, merge, consolidate, or sell assets out of the ordinary course of business. - (1) Pursuant to a plan adopted by the board of...
Section 34-28-240. Voluntary supervisory stock conversions. - (1) A voluntary supervisory stock conversion is a conversion involving...
Section 34-28-250. Supervisory case; emergency conversion, reorganization and merger. - (1) The Board may determine that an association is a...
Section 34-28-260. Acquisition of majority control over existing stock-owned association. - Subject to the provisions of Article 4 of this chapter:...
Section 34-28-270. Dissolution. - (1) Any association may, at any special meeting of the...
Section 34-28-300. Definitions. - (1) "Acquire", as applied to an association or a savings...
Section 34-28-310. Act requiring prior approval of the board. - With the prior approval of the board in accordance with...
Section 34-28-320. Acts requiring prior approval of federal authorities. - With the prior approval of the Federal Home Loan Bank...
Section 34-28-330. Savings and loan holding company acquisitions not requiring prior approval. - Without any prior approval of the Board, a Southern Region...
Section 34-28-340. Applications to the board for approval. - (a) The Board may not approve any proposed transactions set...
Section 34-28-350. Permissible nondisqualified acquisitions. - A Southern Region association, a Southern Region savings and loan...
Section 34-28-360. Prohibited acquisitions. - (a) Except as specifically permitted under Section 34-28-350, no South...
Section 34-28-370. Person acquiring a South Carolina association or savings and loan holding company is subject to South Carolina laws. - Any Southern Region association or Southern Region savings and loan...
Section 34-28-380. Registration of association; reports; regulations. - (a) Each South Carolina association, South Carolina savings and loan...
Section 34-28-390. Penalties and remedies. - (a) Any association or savings and loan holding company which...
Section 34-28-400. Meetings of members or stockholders; voting rights, proxies, quorum requirements. - (1) The annual meeting of the members or stockholders of...
Section 34-28-410. Access to books and records; confidentiality. - (1)(a) The books and records of an association must be...
Section 34-28-420. Directors; number; qualifications; meetings. - (1)(a) The business of the association must be managed and...
Section 34-28-430. Indemnity bonds. - Once an association has been authorized to commence business, all...
Section 34-28-440. Conflict of interest; transactions of officers and directors. - (1) Directors and officers occupy a fiduciary relationship to the...
Section 34-28-450. Books, records, and accounting practices. - (1) Every association shall keep at the home or corporate...
Section 34-28-500. Powers of associations. - Every association incorporated pursuant to or operating under the provisions...
Section 34-28-510. Investment in loans. - Every association shall have power to invest in or otherwise...
Section 34-28-520. Investments in service corporations. - (1) Every association shall have the power to invest in...
Section 34-28-530. Direct ownership of real estate by associations. - An association may directly own or invest in real estate,...
Section 34-28-540. Other investment powers and limitations; reserves and liquidity requirements. - Subject to Section 34-28-510 through Section 34-28-530 an association may...
Section 34-28-550. Dealing with successors in interest. - With respect to any investment made by an association in...
Section 34-28-560. Right to avoid loss. - Nothing in this chapter or in any other provision of...
Section 34-28-570. Maximum loans to one borrower. - An association may make a loan to one borrower up...
Section 34-28-600. Deposit accounts; general conditions. - (1) Subject to Section 34-28-500, deposit accounts may be opened...
Section 34-28-610. Married persons and minors. - Subject to Section 34-28-500, any association operating under this chapter...
Section 34-28-620. Deposit accounts in two or more names; administrators and other fiduciaries; incompetents and deceased nonresidents. - (1)(a) When a deposit account is held in any association...
Section 34-28-630. Powers of attorney on deposit accounts. - Any association or federal association may continue to recognize the...
Section 34-28-640. Pledge to association of savings accounts in joint tenancy. - The pledge or hypothecation to any association of all or...
Section 34-28-650. Adverse claim to deposit account. - Notice to any association of an adverse claim to a...
Section 34-28-660. Withdrawal of savings accounts. - (1) An association shall reserve the right to require a...
Section 34-28-670. Redemption of savings accounts. - At any time funds are on hand for that purpose,...
Section 34-28-680. Savings accounts as legal investments and security. - (1) Administrators, executors, custodians, personal representatives, conservators, guardians, trustees, and...
Section 34-28-700. Annual and other reports; examinations. - (1) Every association, service corporation, savings and loan holding company,...
Section 34-28-710. Board may order association to discontinue any illegal practice. - If the Board as a result of any examination or...
Section 34-28-720. Conservatorship. - (1) If the Board as a result of any examination...
Section 34-28-730. Receivership. - (1) If the Board finds that any association: (a) is...
Section 34-28-740. False statement affecting credit or standing of association. - Any person who falsely and wilfully and with intent to...
Section 34-28-800. Foreign associations. - (1) For the purpose of this section, "foreign association" includes...
Section 34-28-810. Federal savings and loan associations. - Federal savings and loan associations, which are incorporated pursuant to...
Section 34-28-900. Grandfather clause. - This chapter does not impair or affect any act done,...
Section 34-28-910. Effect on existing associations. - The name, rights, powers, privileges, and immunities of associations heretofore...