South Carolina Statutes
§ 34-3-250 — Association with national reserve association.
Any bank, banking association or trust company chartered and engaged in the banking business under the laws of this State may associate itself with any national reserve association of the United States or any branch thereof under any law enacted by the Congress of the United States and may invest such part of its capital or surplus therein as may be necessary to acquire and preserve its membership in such association.
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South Carolina § 34-3-250 (Association with national reserve association.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-135; 1952 Code SECTION 8-135; 1942 Code SECTION 7842; 1932 Code SECTION 7875; Civ. C. '22 SECTION 4002; 1914 (28) 588.
Nearby Sections
15
§ 34-3-210
General powers of banking corporation.§ 34-3-230
Directors may make and change bylaws.§ 34-3-240
Other powers of directors.§ 34-3-310
Examination of banks.§ 34-3-330
Federal examinations.