South Carolina Statutes
§ 34-30-1410 — Limitations on loans and investments in commercial loans.
Subject to rules or regulations that the board considers appropriate, a state savings bank may lend and invest no more than fifty percent of its total assets in commercial loans. A commercial loan is for business, commercial, corporate, and agricultural purposes.
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South Carolina § 34-30-1410 (Limitations on loans and investments in commercial loans.) — 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.