South Carolina Statutes
§ 34-5-140 — Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 5 MANAGEMENT OF BANK BY CONSERVATORS
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 34-5-140 (Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-294; 1952 Code SECTION 8-294; 1942 Code SECTION 7829-7; 1936 (39) 1484.
Nearby Sections
15
§ 34-5-10
"Bank" defined.§ 34-5-100
Termination of conservatorship.§ 34-5-110
Reorganization of bank.§ 34-5-120
Publication of notice of reorganization.§ 34-5-130
Effect of reorganization.§ 34-5-150
Liquidation by conservator.§ 34-5-40
Persons who may not be conservators.§ 34-5-60
Expenses of conservator; attorney.§ 34-5-80
Receipt of deposits.