South Carolina Statutes

§ 34-30-1290 — Loans or investments violating this chapter.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 30 STATE SAVINGS BANK
Unless otherwise provided, every loan or other investment made in violation of this chapter is due and payable according to its terms and its obligation is not impaired if the violation consists only of the lending of an excessive sum of authorized security or of investing in an unauthorized investment.

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South Carolina § 34-30-1290 (Loans or investments violating this chapter.) — 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.

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