South Carolina Statutes
§ 34-3-820 — Time corporate existence as state bank commences.
After the issuance of such certificate by the Secretary of State and the payment to him of the same fees as would be payable for the incorporation of a bank under the laws of this State with a similar capital stock, the corporate existence of such bank as a state bank shall begin as soon as its dissolution as a national banking corporation or state banking corporation becomes effective.
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Legislative History
HISTORY: 1962 Code SECTION 8-122; 1952 Code SECTION 8-122; 1942 Code SECTION 7866; 1932 Code SECTION 7834; 1926 (34) 945; 2021 Act No. 30 (S.467), SECTION 7, eff May 6, 2021. Effect of Amendment 2021 Act No. 30, SECTION 7, substituted "state bank" for "State bank" and inserted "or state banking corporation" following "national banking corporation".
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.