South Carolina Statutes
§ 34-3-640 — Assets pass to Federal Deposit Insurance Corporation on appointment as receiver of liquidator.
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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South Carolina § 34-3-640 (Assets pass to Federal Deposit Insurance Corporation on appointment as receiver of liquidator.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.