South Carolina Statutes
§ 34-25-250 — Application.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 25 SOUTH CAROLINA BANKING AND BRANCHING EFFICIENCY ACT
Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a South Carolina state bank shall notify the board of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, and shall submit a copy of that application to the board and pay the filing fee, if any, required by the board. Any South Carolina state bank which is a party to such interstate merger transaction shall comply with the South Carolina Business Corporation Act of 1988, and with other applicable state and federal laws. Any out-of-state bank which shall be the resulting bank in such an interstate merger transaction shall provide satisfactory evidence to the board of co
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South Carolina § 34-25-250 (Application.) — 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.