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Savings Associations
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South Carolina Code of Laws
Banking, Financial Institutions and Money
Savings Associations
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Section
34-28-10
Short title of Articles 1 through 10.
Section
34-28-20
Application of the South Carolina Business Corporation Act.
Section
34-28-30
Definitions.
Section
34-28-100
Application for authority to incorporate; action by Board on application.
Section
34-28-110
Name of an association.
Section
34-28-120
Capital stock of state stock associations; power and limitations on sale and issuance of stock; loans, characteristics, and restrictions.
Section
34-28-130
Articles of incorporation content; approval by board; amendment.
Section
34-28-140
Bylaws.
Section
34-28-150
Opening for business.
Section
34-28-160
Home, corporate, and branch offices; facilities.
Section
34-28-200
Conversion of state-chartered associations into federal associations without change of business form.
Section
34-28-210
Conversion of federal association into state-chartered association without change of business form.
Section
34-28-220
Conversion of a state or federal mutual association to a state capital stock association.
Section
34-28-230
Power to reorganize, merge, consolidate, or sell assets out of the ordinary course of business.
Section
34-28-240
Voluntary supervisory stock conversions.
Section
34-28-250
Supervisory case; emergency conversion, reorganization and merger.
Section
34-28-260
Acquisition of majority control over existing stock-owned association.
Section
34-28-270
Dissolution.
Section
34-28-300
Definitions.
Section
34-28-310
Act requiring prior approval of the board.
Section
34-28-320
Acts requiring prior approval of federal authorities.
Section
34-28-330
Savings and loan holding company acquisitions not requiring prior approval.
Section
34-28-340
Applications to the board for approval.
Section
34-28-350
Permissible nondisqualified acquisitions.
Section
34-28-360
Prohibited acquisitions.
Section
34-28-370
Person acquiring a South Carolina association or savings and loan holding company is subject to South Carolina laws.
Section
34-28-380
Registration of association; reports; regulations.
Section
34-28-390
Penalties and remedies.
Section
34-28-400
Meetings of members or stockholders; voting rights, proxies, quorum requirements.
Section
34-28-410
Access to books and records; confidentiality.
Section
34-28-420
Directors; number; qualifications; meetings.
Section
34-28-430
Indemnity bonds.
Section
34-28-440
Conflict of interest; transactions of officers and directors.
Section
34-28-450
Books, records, and accounting practices.
Section
34-28-500
Powers of associations.
Section
34-28-510
Investment in loans.
Section
34-28-520
Investments in service corporations.
Section
34-28-530
Direct ownership of real estate by associations.
Section
34-28-540
Other investment powers and limitations; reserves and liquidity requirements.
Section
34-28-550
Dealing with successors in interest.
Section
34-28-560
Right to avoid loss.
Section
34-28-570
Maximum loans to one borrower.
Section
34-28-600
Deposit accounts; general conditions.
Section
34-28-610
Married persons and minors.
Section
34-28-620
Deposit accounts in two or more names; administrators and other fiduciaries; incompetents and deceased nonresidents.
Section
34-28-630
Powers of attorney on deposit accounts.
Section
34-28-640
Pledge to association of savings accounts in joint tenancy.
Section
34-28-650
Adverse claim to deposit account.
Section
34-28-660
Withdrawal of savings accounts.
Section
34-28-670
Redemption of savings accounts.
Section
34-28-680
Savings accounts as legal investments and security.
Section
34-28-700
Annual and other reports; examinations.
Section
34-28-710
Board may order association to discontinue any illegal practice.
Section
34-28-720
Conservatorship.
Section
34-28-730
Receivership.
Section
34-28-740
False statement affecting credit or standing of association.
Section
34-28-800
Foreign associations.
Section
34-28-810
Federal savings and loan associations.
Section
34-28-900
Grandfather clause.
Section
34-28-910
Effect on existing associations.