South Carolina Statutes
§ 34-33-40 — Repurchase of capital stock.
South Carolina § 34-33-40
This text of South Carolina § 34-33-40 (Repurchase of capital stock.) 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. § 34-33-40 (2026).
Text
Notwithstanding any provision of Title 34 of the 1976 Code, a banker's bank may repurchase, for its own account, shares of its own capital stock, but the outstanding capital stock may not be reduced below the minimum required by law without the prior approval of the State Board of Financial Institutions.
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Legislative History
HISTORY: 1985 Act No. 46 SECTION 4.
Nearby Sections
6
§ 34-33-10
"Banker's bank" defined.§ 34-33-20
Formation of corporation.§ 34-33-40
Repurchase of capital stock.§ 34-33-50
Exemption from banking laws.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-33-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/33/34-33-40.