South Carolina § 34-28-320 Acts requiring prior approval of federal authorities.

South Carolina Statutes

§ 34-28-320 — Acts requiring prior approval of federal authorities.

South Carolina § 34-28-320

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 28SAVINGS ASSOCIATIONS

This text of South Carolina § 34-28-320 (Acts requiring prior approval of federal authorities.) 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. § 34-28-320 (2026).

Text

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.

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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.