South Carolina Statutes
§ 34-5-70 — Withdrawal of deposits and payment of creditors.
South Carolina § 34-5-70
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 5MANAGEMENT OF BANK BY CONSERVATORS
This text of South Carolina § 34-5-70 (Withdrawal of deposits and payment of creditors.) 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. § 34-5-70 (2026).
Text
While such bank is in the hands of a conservator the Board may require the conservator to set aside and make available for withdrawal by depositors and payment to other creditors, on a ratable basis, such amounts as in the opinion of the Board may safely be used for this purpose.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1962 Code SECTION 8-287; 1952 Code SECTION 8-287; 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.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-5-70, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/5/34-5-70.