South Carolina Statutes
§ 11-43-370 — Purchase of outstanding bonds; price.
The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price must not exceed the redemption price then applicable plus accrued interest to the next interest payment date.
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South Carolina § 11-43-370 (Purchase of outstanding bonds; price.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 148, SECTION 2.
Nearby Sections
15
§ 11-43-110
Short title.§ 11-43-130
Definitions.§ 11-43-150
Powers of bank; limitations.§ 11-43-165
Repealed.§ 11-43-200
Exemption from taxes or assessments.§ 11-43-220
Liability.