South Carolina Statutes
§ 34-3-530 — Destruction of records.
South Carolina § 34-3-530
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 3BANKS AND BANKING GENERALLY
This text of South Carolina § 34-3-530 (Destruction of records.) 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. § 34-3-530 (2026).
Text
Any bank may dispose of any records which have been retained for the period prescribed by or in accordance with the terms of this article for retention of records of its class, and shall thereafter be under no duty to procure such record in any action or proceeding. Whether or not in any given case destruction of such records prior to the minimum retention periods prescribed by or in accordance with the terms of this article constitutes negligence shall remain a question of fact to be determined by all circumstances in that case, and such earlier destruction shall not per se constitute negligence and no presumption of negligence shall arise therefrom.
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Legislative History
HISTORY: 1962 Code SECTION 8-267; 1960 (51) 1673.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-3-530, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/3/34-3-530.