South Carolina Statutes
§ 34-25-290 — Enforcement.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 25 SOUTH CAROLINA BANKING AND BRANCHING EFFICIENCY ACT
If the board determines that a branch maintained by an out-of-state state bank in this State is being operated in violation of any provision of the laws of this State, or that such branch is being operated in an unsafe and unsound manner, the board shall have the authority to take all such enforcement actions as it would be empowered to take if the branch were a South Carolina state bank; provided that the board promptly shall give notice to the home state regulator of each enforcement action taken against an out-of-state state bank and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.
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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.