South Carolina § 34-26-250 Duty of credit union to maintain books, records, accounting systems, and procedures.

South Carolina Statutes

§ 34-26-250 — Duty of credit union to maintain books, records, accounting systems, and procedures.

South Carolina § 34-26-250

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 26SOUTH CAROLINA CREDIT UNION ACT

This text of South Carolina § 34-26-250 (Duty of credit union to maintain books, records, accounting systems, and procedures.) 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. § 34-26-250 (2026).

Text

(1)A credit union shall maintain all books, records, accounting systems, and procedures in accordance with such regulations as the board from time to time prescribes.

(2)A credit union is not liable for destroying records after the expiration of the record retention time prescribed by regulation, except for any records involved in an official investigation or examination about which the credit union has received notice.

(3)Reproduction of any credit union records shall be admissible as evidence of transactions with the credit union as provided in Section 34-3-540.

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(1) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with such regulations as the board from time to time prescribes. (2) A credit union is not liable for destroying records after the expiration of the record retention time prescribed by regulation, except for any records involved in an official investigation or examination about which the credit union has received notice. (3) Reproduction of any credit union records shall be admissible as evidence of transactions with the credit union as provided in Section 34-3-540.