South Carolina Statutes
§ 34-28-560 — Right to avoid loss.
South Carolina § 34-28-560
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 28SAVINGS ASSOCIATIONS
This text of South Carolina § 34-28-560 (Right to avoid loss.) 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. § 34-28-560 (2026).
Text
Nothing in this chapter or in any other provision of law may be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on any loan or investment theretofore made or any obligation created in good faith.
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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 § 34-28-560, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/28/34-28-560.