South Carolina Statutes
§ 34-28-320 — Acts requiring prior approval of federal authorities.
With the prior approval of the Federal Home Loan Bank Board and other applicable federal authorities in accordance with their approval authority over the transaction and without the necessary approval of the Board except for the requirements under Section 34-28-340(b):
(1)A South Carolina federal association may acquire a Southern Region association; and (2) A Southern Region association may acquire a South Carolina federal association.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 34-28-320 (Acts requiring prior approval of federal authorities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1985 Act No. 124, SECTION 1.
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.