South Carolina Statutes
§ 34-25-20 — Purpose.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 25 SOUTH CAROLINA BANKING AND BRANCHING EFFICIENCY ACT
This article sets forth the conditions under which a company may acquire a South Carolina bank or a South Carolina bank holding company. This article is intended not to discriminate against out-of-state holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Pub.L. No. 103-328.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 34-25-20 (Purpose.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 310, SECTION 2, eff July 1, 1996.
Nearby Sections
15
§ 34-25-10
Definitions.§ 34-25-100
Board authority.§ 34-25-20
Purpose.§ 34-25-210
Purpose.§ 34-25-220
Definitions.§ 34-25-250
Application.§ 34-25-260
Findings of board.§ 34-25-270
Applicable law.§ 34-25-280
Reporting; board authority.§ 34-25-290
Enforcement.§ 34-25-30
Board approval.§ 34-25-300
Promulgation of regulations.§ 34-25-310
Notice of transaction.