South Carolina § 34-3-820 Time corporate existence as state bank commences.

South Carolina Statutes

§ 34-3-820 — Time corporate existence as state bank commences.

South Carolina § 34-3-820

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 3BANKS AND BANKING GENERALLY

This text of South Carolina § 34-3-820 (Time corporate existence as state bank commences.) 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. § 34-3-820 (2026).

Text

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".