South Carolina § 34-28-640 Pledge to association of savings accounts in joint tenancy.

South Carolina Statutes

§ 34-28-640 — Pledge to association of savings accounts in joint tenancy.

South Carolina § 34-28-640

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 28SAVINGS ASSOCIATIONS

This text of South Carolina § 34-28-640 (Pledge to association of savings accounts in joint tenancy.) 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. § 34-28-640 (2026).

Text

The pledge or hypothecation to any association of all or part of a savings account in joint tenancy by any tenant or tenants, whether minor or adult, upon whose signature or signatures withdrawals may be made from the account is, unless the terms of the savings account provide specifically to the contrary, a valid pledge and transfer to the association of that part of the account pledged or hypothecated, and does not operate to sever or terminate the joint and survivorship ownership of all or any part of the account.

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The pledge or hypothecation to any association of all or part of a savings account in joint tenancy by any tenant or tenants, whether minor or adult, upon whose signature or signatures withdrawals may be made from the account is, unless the terms of the savings account provide specifically to the contrary, a valid pledge and transfer to the association of that part of the account pledged or hypothecated, and does not operate to sever or terminate the joint and survivorship ownership of all or any part of the account.