S.C. Code § 34-33-40
Current through 2024 Act No. 225.
Notwithstanding any provision of Title 34 of the 1976 Code, a banker's bank may repurchase, for its own account, shares of its own capital stock, but the outstanding capital stock may not be reduced below the minimum required by law without the prior approval of the State Board of Financial Institutions.
S.C. Code § 34-33-40