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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.