South Carolina § 34-26-640 Meetings of board; frequency of meetings.

South Carolina Statutes

§ 34-26-640 — Meetings of board; frequency of meetings.

South Carolina § 34-26-640

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 26SOUTH CAROLINA CREDIT UNION ACT

This text of South Carolina § 34-26-640 (Meetings of board; frequency of meetings.) 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. § 34-26-640 (2026).

Text

(A)The board of directors shall meet as often as necessary and at least quarterly.

(B)Unless the bylaws provide otherwise, one regular meeting each calendar year must be conducted in person. If a quorum is present in person for the annual in person meeting, then the remaining board members may participate using audio or video teleconference methods. The other regular meetings may be conducted using audio or video teleconference methods.

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(A) The board of directors shall meet as often as necessary and at least quarterly. (B) Unless the bylaws provide otherwise, one regular meeting each calendar year must be conducted in person. If a quorum is present in person for the annual in person meeting, then the remaining board members may participate using audio or video teleconference methods. The other regular meetings may be conducted using audio or video teleconference methods.

Legislative History

HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996; 2018 Act No. 186 (S.337), SECTION 3, eff May 15, 2018; 2021 Act No. 30 (S.467), SECTION 16, eff May 6, 2021. Effect of Amendment 2018 Act No. 186, SECTION 3, inserted the (A) designator and added (B), relating to meeting requirements. 2021 Act No. 30, SECTION 16, in (A), substituted "as often as necessary and at least quarterly" for "at least monthly and at other times as is necessary".