S.C. Code § 34-30-1230

Current through 2024 Act No. 225.

Section 34-30-1230 - Acceptance of own capital stock or mutual capital certificates as security prohibited

A state savings bank may not accept its own capital stock, or that of its holding company, or its own mutual capital certificates as security for loans made by the state savings bank.

S.C. Code § 34-30-1230

1997 Act No. 90, Section 1, eff 6/10/1997.