South Carolina Statutes
§ 34-3-640 — Assets pass to Federal Deposit Insurance Corporation on appointment as receiver of liquidator.
South Carolina § 34-3-640
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 3BANKS AND BANKING GENERALLY
This text of South Carolina § 34-3-640 (Assets pass to Federal Deposit Insurance Corporation on appointment as receiver of liquidator.) 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. § 34-3-640 (2026).
Text
Upon the acceptance of the appointment as receiver or liquidator as aforesaid by the Federal Deposit Insurance Corporation, the possession of and title to all the assets, business and property of such banking institution of every kind and nature shall, with the consent of the Commissioner of Banking, pass to and vest in the Corporation.
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Legislative History
HISTORY: 1962 Code SECTION 8-274; 1952 Code SECTION 8-274; 1942 Code SECTION 7837; 1935 (39) 482; 1934 (39) 1484.
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 § 34-3-640, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/3/34-3-640.