South Carolina Statutes
§ 34-30-1730 — Authorization of board and officers to borrow money.
South Carolina § 34-30-1730
This text of South Carolina § 34-30-1730 (Authorization of board and officers to borrow money.) 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. § 34-30-1730 (2026).
Text
A state savings bank, in its articles of incorporation or in its bylaws, may authorize the board of directors to borrow money, and the board of directors, by resolution adopted by a vote of at least two-thirds of the entire board duly recorded in the minutes, may authorize the officers of the savings bank to borrow money for the savings bank on terms and conditions as the board considers proper.
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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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-30-1730, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/30/34-30-1730.