South Carolina Statutes
§ 34-28-310 — Act requiring prior approval of the board.
With the prior approval of the board in accordance with Section 34-28-340(a) and (b) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:
(1)A company may become a South Carolina savings and loan holding company;
(2)A South Carolina savings and loan holding company may acquire a South Carolina association or another South Carolina savings and loan holding company;
(3)A South Carolina savings and loan holding company may acquire a Southern Region association or a Southern Region savings and loan holding company;
(4)A South Carolina savings and loan holding company may acquire an association and savings and loan holding company having association offices which are located outside of the Southern Re
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 34-28-310 (Act requiring prior approval of the board.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1985 Act No. 124, SECTION 1; 1990 Act No. 504, SECTION 1, eff May 30, 1990. Effect of Amendment The 1990 amendment added item (8) permitting a Southern Region savings and loan holding company to acquire a South Carolina association or savings and loan holding company.
Nearby Sections
15
§ 34-28-10
Short title of Articles 1 through 10.§ 34-28-110
Name of an association.§ 34-28-140
Bylaws.§ 34-28-150
Opening for business.§ 34-28-210
Conversion of federal association into state-chartered association without change of business form.§ 34-28-220
Conversion of a state or federal mutual association to a state capital stock association.§ 34-28-230
Power to reorganize, merge, consolidate, or sell assets out of the ordinary course of business.§ 34-28-240
Voluntary supervisory stock conversions.