Home/South Carolina/Statutes/Title 34: BANKING, FINANCIAL INSTITUTIONS AND MONEY/Ch. 30: STATE SAVINGS BANK/§ 34-30-1240
South Carolina Statutes

§ 34-30-1240 — Condition of loan on specific contracts prohibited.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 30 STATE SAVINGS BANK
A state savings bank or service corporation shall not require, as a condition of making a loan, that the borrower contract with any specific person or organization for particular services, except as otherwise permitted to national banking associations.

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South Carolina § 34-30-1240 (Condition of loan on specific contracts prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1997 Act No. 90, SECTION 1, eff June 10, 1997.

Nearby Sections

15
§ 34-30-10
Short title.
§ 34-30-100
Mutual state savings banks, stock state savings banks; approval of application; minimum pledges, adjustment, considerations.
§ 34-30-1000
Membership of mutual state savings banks.
§ 34-30-1010
Bank directors; election; terms; weighted voting; voting rights; election of stock savings bank directors; terms; ownership interest; number of directors; vacancies; restrictions.
§ 34-30-1020
Bylaws and amendments; certification; effective date; amendment.
§ 34-30-1030
Fiduciary duties of officers and directors; duties of good faith, diligence, and care.
§ 34-30-1040
Conflict of interest.
§ 34-30-1050
Voting rights; production of books of record; majority determination of questions.
§ 34-30-1060
Annual meetings; notice.
§ 34-30-1070
Special meetings; notice.
§ 34-30-1080
Quorum.
§ 34-30-1090
Blanket indemnity bond; bonding of agents; settlement; cancellation.
§ 34-30-110
Incomplete applications; time for approval or rejection of completed applications.
§ 34-30-1100
Exemption of directors or officers from personal liability; limitations; breach of duty of loyalty defined.
§ 34-30-120
Approval or disapproval of application; order; filing of articles; corporate existence; certificate of authorization, commencement of business; limitation on ownership or control.
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