South Carolina Statutes
§ 33-39-20 — Deposit of funds.
South Carolina § 33-39-20
JurisdictionSouth Carolina
Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
Ch. 39COUNTY BUSINESS DEVELOPMENT CORPORATIONS
This text of South Carolina § 33-39-20 (Deposit of funds.) 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. § 33-39-20 (2026).
Text
The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.
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Legislative History
HISTORY: 1962 Code SECTION 12-1202; 1960 (51) 1907.
Nearby Sections
15
§ 33-39-10
Definitions.§ 33-39-20
Deposit of funds.§ 33-39-210
Filing declaration of charter; contents.§ 33-39-240
Calling first meeting; organization; quorum.§ 33-39-250
Powers.§ 33-39-260
Amendment of charter.§ 33-39-30
Corporation shall not accept deposits.§ 33-39-420
Application for membership.§ 33-39-430
Duration of membership; withdrawal.§ 33-39-440
Powers of stockholders and members.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 33-39-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/39/33-39-20.