South Carolina § 34-1-170 Requirements for articles of incorporation of proposed bank.

South Carolina Statutes

§ 34-1-170 — Requirements for articles of incorporation of proposed bank.

South Carolina § 34-1-170

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 1STATE BOARD OF FINANCIAL INSTITUTIONS

This text of South Carolina § 34-1-170 (Requirements for articles of incorporation of proposed bank.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 34-1-170 (2026).

Text

(A)The articles of incorporation of a proposed bank, building and loan association, savings and loan association, or savings bank must be signed and acknowledged by or on behalf of an organizer and must contain the following:

(1)the information required to be set forth in articles of incorporation under Title 33;

(2)any provision consistent with Title 33 and other applicable law that the organizers elect to set forth for the regulation of the internal affairs of the proposed bank, building and loan association, savings and loan association, or savings bank and that the board authorizes or requires; and (3) any provision the board requires or authorizes as a substitute for a provision that otherwise would be required by Title 33.

(B)Before the chartering of a proposed bank, building and

Free access — add to your briefcase to read the full text and ask questions with AI

(A) The articles of incorporation of a proposed bank, building and loan association, savings and loan association, or savings bank must be signed and acknowledged by or on behalf of an organizer and must contain the following: (1) the information required to be set forth in articles of incorporation under Title 33; (2) any provision consistent with Title 33 and other applicable law that the organizers elect to set forth for the regulation of the internal affairs of the proposed bank, building and loan association, savings and loan association, or savings bank and that the board authorizes or requires; and (3) any provision the board requires or authorizes as a substitute for a provision that otherwise would be required by Title 33. (B) Before the chartering of a proposed bank, building and loan association, savings and loan association, or savings bank, the articles of incorporation filed under the provisions of Section 34-1-160 must be sufficiently certified to the FDIC or any other applicable regulatory agencies that the proposed bank, building and loan association, savings and loan association, or savings bank is a legal entity.