South Carolina Statutes

§ 34-30-390 — Final report and accounting of liquidation; approval of report; certificate of dissolution, recording.

South Carolina § 34-30-390
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 30STATE SAVINGS BANK

This text of South Carolina § 34-30-390 (Final report and accounting of liquidation; approval of report; certificate of dissolution, recording.) 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. § 34-30-390 (2026).

Text

Upon completion of liquidation, the liquidator shall file with the board a final report and accounting of the liquidation. The board's approval of the report operates as a complete and final discharge of the liquidator, the board of directors, and each member or stockholder in connection with the liquidation of the state savings bank. Upon approval of the report, the board shall issue a certificate of dissolution of the state savings bank and shall record it in the manner required by this chapter for the recording of articles of incorporation. The dissolution is effective upon the recording of the certificate of dissolution.

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
South Carolina § 34-30-390, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/30/34-30-390.