South Carolina Statutes
§ 34-5-70 — Withdrawal of deposits and payment of creditors.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 5 MANAGEMENT OF BANK BY CONSERVATORS
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
South Carolina § 34-5-70 (Withdrawal of deposits and payment of creditors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.