South Carolina § 34-5-140 Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.

South Carolina Statutes

§ 34-5-140 — Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.

South Carolina § 34-5-140

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 5MANAGEMENT OF BANK BY CONSERVATORS

This text of South Carolina § 34-5-140 (Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.) 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. § 34-5-140 (2026).

Text

After fifteen days have elapsed from the time the affairs of the bank shall have been returned to its directors by the conservator either with or without a reorganization as provided in Section 34-5-110, the provisions of Section 34-5-80 with respect to the segregation of deposits received while a bank is in the hands of a conservator and with respect to the use of such deposits to liquidate the indebtedness of such bank shall no longer be effective.

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After fifteen days have elapsed from the time the affairs of the bank shall have been returned to its directors by the conservator either with or without a reorganization as provided in Section 34-5-110, the provisions of Section 34-5-80 with respect to the segregation of deposits received while a bank is in the hands of a conservator and with respect to the use of such deposits to liquidate the indebtedness of such bank shall no longer be effective.