South Carolina Statutes
§ 34-33-60 — Limitation on investments in banker's banks.
Notwithstanding any other provision of law, up to fifteen percent of the capital accounts of a bank may be invested in the capital stock of a banker's bank, except that no purchase of stock may result in acquisition of more than five percent of any class of voting securities of the banker's bank.
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South Carolina § 34-33-60 (Limitation on investments in banker's banks.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1985 Act No. 46 SECTION 6.
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.