South Carolina Statutes
§ 34-30-1310 — Investments in real property; limitations.
With the prior approval of the board, a state savings bank may invest in real property for the conduct of its business. The total investment in fixed assets must not exceed fifty percent of the state savings bank's net worth.
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South Carolina § 34-30-1310 (Investments in real property; limitations.) — 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.§ 34-30-1000
Membership of mutual state savings banks.§ 34-30-1040
Conflict of interest.§ 34-30-1060
Annual meetings; notice.§ 34-30-1070
Special meetings; notice.§ 34-30-1080
Quorum.