South Carolina Statutes

§ 34-26-700 — Share accounts; par value; pledged shares.

South Carolina § 34-26-700
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 26SOUTH CAROLINA CREDIT UNION ACT

This text of South Carolina § 34-26-700 (Share accounts; par value; pledged shares.) 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. § 34-26-700 (2026).

Text

(1)Share accounts shall be subscribed to and paid for in such manner and amounts as the bylaws prescribe.
(2)The par value of shares shall be as prescribed in the bylaws.
(3)Shares may be pledged as security on any loan.

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Legislative History

HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996.

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15
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Bluebook (online)
South Carolina § 34-26-700, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/26/34-26-700.