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

South Carolina Statutes

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

South Carolina § 34-7-10

Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY

Ch. 7REORGANIZATION OF INSOLVENT BANKS

This text of South Carolina § 34-7-10 (Reorganization of banks adjudged insolvent.) 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. § 34-7-10 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.