South Carolina § 34-30-560 Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.

South Carolina Statutes

§ 34-30-560 — Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.

South Carolina § 34-30-560

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 30STATE SAVINGS BANK

This text of South Carolina § 34-30-560 (Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.) 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. § 34-30-560 (2026).

Text

(A)If, in the opinion of the board, an examination conducted under Section 34-30-550 fails to disclose the complete financial condition of a state savings bank, the board, in order to ascertain its complete financial condition, may make an extended:

(1)audit of examination of the state savings bank or cause an audit or examination to be made by an independent auditor at the expense of the state savings bank; and (2) revaluation of the assets or liabilities of the state savings bank or cause an independent appraiser to make a revaluation at the expense of the state savings bank.

(B)The board may collect from the state savings bank a reasonable sum for actual or necessary expenses of revaluation or audit of examination.

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(A) If, in the opinion of the board, an examination conducted under Section 34-30-550 fails to disclose the complete financial condition of a state savings bank, the board, in order to ascertain its complete financial condition, may make an extended: (1) audit of examination of the state savings bank or cause an audit or examination to be made by an independent auditor at the expense of the state savings bank; and (2) revaluation of the assets or liabilities of the state savings bank or cause an independent appraiser to make a revaluation at the expense of the state savings bank. (B) The board may collect from the state savings bank a reasonable sum for actual or necessary expenses of revaluation or audit of examination.