South Carolina § 34-7-10 Reorganization of banks adjudged insolvent.

South Carolina Statutes

§ 34-7-10 — Reorganization of banks adjudged insolvent.

South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 7 REORGANIZATION OF INSOLVENT BANKS

When any banking institution organized and operating under the laws of this State has been duly adjudged insolvent in an action or special proceeding duly instituted in the court of common pleas of this State, the court in such action may approve a plan of reorganization for the reopening of any such bank or banking institution upon compliance with the procedure and requirements set forth in Sections 34-7-20 to 34-7-70.

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When any banking institution organized and operating under the laws of this State has been duly adjudged insolvent in an action or special proceeding duly instituted in the court of common pleas of this State, the court in such action may approve a plan of reorganization for the reopening of any such bank or banking institution upon compliance with the procedure and requirements set forth in Sections 34-7-20 to 34-7-70.

South Carolina § 34-7-10 (Reorganization of banks adjudged insolvent.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.