South Carolina Statutes
§ 34-26-870 — Credit union participation in joint loan with other credit union.
South Carolina § 34-26-870
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 26SOUTH CAROLINA CREDIT UNION ACT
This text of South Carolina § 34-26-870 (Credit union participation in joint loan with other credit union.) 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. § 34-26-870 (2026).
Text
A credit union may participate in loans to credit union members jointly with other credit unions pursuant to written policies established by the board of directors. A credit union which originates such a loan shall retain an interest of at least ten percent of the face amount of the loan.
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Legislative History
HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996.
Nearby Sections
15
§ 34-26-100
Short title.§ 34-26-1010
Designation of depositories.§ 34-26-1020
Permissible investments of credit union funds.§ 34-26-110
Definitions.§ 34-26-1120
Special reserves.§ 34-26-1210
Merger.§ 34-26-1300
Corporate credit union.§ 34-26-1310
Purposes of corporate credit union.§ 34-26-1320
Corporate credit union membership.§ 34-26-1330
Application to form corporate credit union.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-26-870, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/26/34-26-870.