South Carolina Statutes

§ 34-25-220 — Definitions.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 25 SOUTH CAROLINA BANKING AND BRANCHING EFFICIENCY ACT

For purposes of this article:

(1)"Bank" has the meaning set forth in 12 U.S.C. Section 1813. However, the term "bank" shall not include any "foreign bank" as defined in 12 U.S.C. Section 3101(7), except that this term shall include any foreign bank organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation.
(2)"Bank holding company" has the meaning set forth in 12 U.S.C. Section 1841(a)(1).
(3)"Bank supervisory agency" means:
(a)any agency of another state with primary responsibility for chartering and supervising banks; and (b) the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Fe

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Related

§ 1813
12 U.S.C. § 1813
§ 3101
12 U.S.C. § 3101
§ 1841
12 U.S.C. § 1841
§ 3103
12 U.S.C. § 3103

Legislative History

HISTORY: 1996 Act No. 310, SECTION 2, eff July 1, 1996.

Nearby Sections

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