Acceptance of security for loans; pledges, assignments, hypothecation, or mortgages.

  1. Law
  2. South Carolina Code of Laws
  3. Banking, Financial Institutions and Money
  4. South Carolina Credit Union Act
  5. Acceptance of security for loans; pledges, assignments, hypothecation, or mortgages.

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The corporate credit union may require and accept security for loans to a member in the form of a pledge, assignment, hypothecation, or mortgage of any assets of the member or a guarantor.

HISTORY: 1996 Act No. 371, Section 1, eff May 29, 1996.


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