With the prior approval of the Federal Home Loan Bank Board and other applicable federal authorities in accordance with their approval authority over the transaction and without the necessary approval of the Board except for the requirements under Section 34-28-340(b):
(1) A South Carolina federal association may acquire a Southern Region association; and
(2) A Southern Region association may acquire a South Carolina federal association.
HISTORY: 1985 Act No. 124, Section 1.