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A State Savings Bank Charter In South Carolina
Law
South Carolina Code of Laws
Banking, Financial Institutions and Money
A State Savings Bank Charter In South Carolina
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Section
34-30-10
Short title.
Section
34-30-20
Application of chapter.
Section
34-30-30
Definitions.
Section
34-30-50
Application of Business Corporation Act.
Section
34-30-60
Prior charters; legal name, requirements; prohibited acts; injunctions.
Section
34-30-70
Organization and establishment; application, fee; contents of application.
Section
34-30-80
Proposed mutual state savings banks, proposed stock state savings banks; articles of incorporation.
Section
34-30-90
Board examination of application.
Section
34-30-100
Mutual state savings banks, stock state savings banks; approval of application; minimum pledges, adjustment, considerations.
Section
34-30-110
Incomplete applications; time for approval or rejection of completed applications.
Section
34-30-120
Approval or disapproval of application; order; filing of articles; corporate existence; certificate of authorization, commencement of business; limitation on ownership or control.
Section
34-30-130
Insurance on deposit accounts; certification; time for obtaining insurance; excess insurance.
Section
34-30-140
Commencement of business; failure to commence within time limit, extension of time; forfeiture of corporate existence; certificate of authorization.
Section
34-30-150
Amendment of articles of incorporation; certification, submission, approval; quorum, voting requirement.
Section
34-30-160
Confidentiality of records; inspection and examination; release; list of members or stockholders.
Section
34-30-170
Establishment of branch offices; application, fee; approval or denial; corporate office.
Section
34-30-180
Change of office location; information, evaluation.
Section
34-30-190
Discontinuance of branch office operation.
Section
34-30-200
Loan production office, opening or closing.
Section
34-30-300
Conversion to state savings bank; application, examination, fee; conversion plan, amendment; vote, filing of results; approval.
Section
34-30-310
Conversion to federal charter; procedure.
Section
34-30-320
Conversion to federal charter with change from stock to mutual, or mutual to stock; conversion to state charter with change from mutual to stock.
Section
34-30-330
Mutual state savings bank conversion to stock; application, fee; conversion plan; amendment; approval; vote.
Section
34-30-340
Merger or consolidation of state savings banks; procedure.
Section
34-30-350
Merger of state savings banks and federal depository institutions.
Section
34-30-360
Merger of stock state savings banks with banks or associations; merger plan; amendment; approval; vote.
Section
34-30-370
Voluntary dissolution of state savings banks.
Section
34-30-380
Resolution to dissolve and liquidate state savings banks and adopt plan of voluntary dissolution; election of liquidators; execution of plan, procedure.
Section
34-30-390
Final report and accounting of liquidation; approval of report; certificate of dissolution, recording.
Section
34-30-400
Limitations on mergers.
Section
34-30-410
Short form merger, consolidation, conversion, or combination merger and conversion.
Section
34-30-420
Applications for permission to organize interim state savings banks; preliminary approval.
Section
34-30-510
Powers and duties of board.
Section
34-30-520
Implementation; application of State Administrative Procedures Act; cease and desist orders; suspension of directors, officers, or committee members; authorization to engage in activities of federally chartered savings banks.
Section
34-30-530
Adoption of rules, regulations, definitions, and forms; recording or reproducing of records; printed reproductions.
Section
34-30-540
Examinations and investigations; report; prohibition against delay or obstruction of examinations, refusal to exhibit records, false statements.
Section
34-30-550
Supervision and examination fees.
Section
34-30-560
Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.
Section
34-30-570
Board and agents, powers; failure to comply with subpoena, refusal to testify; contempt proceedings.
Section
34-30-580
Test appraisals of collateral securing loans; appraisers; appraisals by insurer of accounts; costs and expenses.
Section
34-30-590
Confidentiality of records or information; disclosure of specific information; exchange of information; violations by state officials, liability; copy fees.
Section
34-30-600
Defamation; false information and advertising; fine or imprisonment.
Section
34-30-760
Violations; statement, order of discontinuance and compliance; enforcement by court; application for hearing and suspension of order; notice; adjudication.
Section
34-30-770
Appointment of conservator; confirmation of appointment; power and authority; term; compensation; discharge; limitations; business of bank under conservatorship.
Section
34-30-780
Appointment of receiver; confirmation of appointment; power and authority; compensation; tender of appointment to Federal Deposit Insurance Corporation; procedure; contesting of proceedings; reimbursement of expenses and attorney fees.
Section
34-30-1000
Membership of mutual state savings banks.
Section
34-30-1010
Bank directors; election; terms; weighted voting; voting rights; election of stock savings bank directors; terms; ownership interest; number of directors; vacancies; restrictions.
Section
34-30-1020
Bylaws and amendments; certification; effective date; amendment.
Section
34-30-1030
Fiduciary duties of officers and directors; duties of good faith, diligence, and care.
Section
34-30-1040
Conflict of interest.
Section
34-30-1050
Voting rights; production of books of record; majority determination of questions.
Section
34-30-1060
Annual meetings; notice.
Section
34-30-1070
Special meetings; notice.
Section
34-30-1080
Quorum.
Section
34-30-1090
Blanket indemnity bond; bonding of agents; settlement; cancellation.
Section
34-30-1100
Exemption of directors or officers from personal liability; limitations; breach of duty of loyalty defined.
Section
34-30-1210
Permitted loans.
Section
34-30-1220
Loan procedures; report of actions; loans on collateral; unsecured loans; investment of funds; sale of loans.
Section
34-30-1230
Acceptance of own capital stock or mutual capital certificates as security prohibited.
Section
34-30-1240
Condition of loan on specific contracts prohibited.
Section
34-30-1250
Loan expenses; late payment charge; levy of payments.
Section
34-30-1260
Repayment plan; written agreement required.
Section
34-30-1270
Stringency of rules or regulations.
Section
34-30-1280
Limitations on rules or regulations.
Section
34-30-1290
Loans or investments violating this chapter.
Section
34-30-1300
Limitation on total loans and extensions of credit; "person" defined; rules or regulations.
Section
34-30-1310
Investments in real property; limitations.
Section
34-30-1320
Investments in obligations issued and guaranteed by federal government.
Section
34-30-1330
Investments in obligations issued and guaranteed by State.
Section
34-30-1340
Investments in stock or bonds of Federal Home Loan Banks.
Section
34-30-1350
Investments in certificates of deposit, time-insured deposits, savings accounts, demand deposits, or withdrawable accounts.
Section
34-30-1360
Investments in stock of federal government sponsored enterprises.
Section
34-30-1370
Investments in direct general obligations of state government, bonds payable from pledged revenues or earnings.
Section
34-30-1380
Investments in stock of corporations or state agencies which provide educational loans.
Section
34-30-1390
Investments in stock of business or industrial development corporations.
Section
34-30-1400
Investments in stock of urban renewal investment corporations.
Section
34-30-1410
Limitations on loans and investments in commercial loans.
Section
34-30-1420
Establishment of service corporations; investments in securities of existing service corporations; limitations; audit and examination; report of proposed activities, objections; office locations.
Section
34-30-1430
Loans or investments for federal associations or national banking associations located in State.
Section
34-30-1440
Authorized actions of state savings banks; issuance of capital notes, bonds, debentures, or other obligations or securities.
Section
34-30-1450
Vesting of security ownership in parties other than original executors; dealings with successors in interest.
Section
34-30-1610
Deposits; accounts, transfer; deposit account contract; evidence of account ownership; loss or destruction of evidence of ownership, issuance of new evidence of ownership, bond.
Section
34-30-1620
Accounts from married or minor persons as sole owner; payment or delivery of rights; actions of minor binding; no parental power to attach or transfer savings account of minor; death of minor.
Section
34-30-1630
Account in name of two persons; joint tenancy; liability; payments during lifetime and upon death, deletion; refusal to honor request pending determination of rights; deposits of fiduciaries for beneficiaries; death of fiduciary; trustees; death of trustee; payment or delivery; incompetence; nonresidents, exemption from taxation.
Section
34-30-1640
Authority of attorneys-in-fact; notice of revocation of authority; liability.
Section
34-30-1650
Pledge or hypothecation of savings account in joint tenancy.
Section
34-30-1660
Adverse claims to accounts.
Section
34-30-1670
Advance notice of intention to withdraw; inability to pay withdrawal requests, procedure; computation of earnings.
Section
34-30-1680
Redemption of savings accounts; notice; redemption price; cessation of earnings accrual; evidences of ownership, tender for payment or cancellation; closing of account.
Section
34-30-1690
Entities authorized to invest funds in deposit accounts; deposit of securities; bond; provisions supplemental.
Section
34-30-1700
Checks refused for payment, insufficient funds; processing fees.
Section
34-30-1720
Absolute or conditional transfer of rights; evidence of transfer; application for transfer; terms of acceptance.
Section
34-30-1730
Authorization of board and officers to borrow money.
Section
34-30-1740
State savings bank subscription in capital stock, membership in federal reserve bank; supervision and examination; disclosure of information.
Section
34-30-1750
Powers to acquire and be acquired.
Section
34-30-1950
Ownership of stock savings bank by holding company; conversion; reorganization by stock and mutual state savings banks; organization of mutual holding companies, articles of incorporation, ownership of voting stock; investments.
Section
34-30-1960
Acquisition of control of state savings bank or holding company; supervision of holding company; rules or regulations.