South Carolina Statutes
§ 34-5-40 — Persons who may not be conservators.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 5 MANAGEMENT OF BANK BY CONSERVATORS
No person shall be appointed conservator of any institution under the provisions of this chapter who was an officer, director or attorney of such institution at the time the Board determined to create such conservatorship or who within two years prior to that time had been such officer, director or attorney.
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South Carolina § 34-5-40 (Persons who may not be conservators.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 8-284; 1952 Code SECTION 8-284; 1942 Code SECTION 7829-9; 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.