South Carolina Statutes
§ 34-28-530 — Direct ownership of real estate by associations.
South Carolina § 34-28-530
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 28SAVINGS ASSOCIATIONS
This text of South Carolina § 34-28-530 (Direct ownership of real estate by associations.) 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. § 34-28-530 (2026).
Text
An association may directly own or invest in real estate, improved or unimproved, to be used for office and related facilities and for rental or sale, if the investment is made and maintained under a prudent program of property acquisition to meet the association's present needs or its reasonable future needs for office and related facilities.
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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-28-530, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/28/34-28-530.