South Carolina Statutes
§ 34-9-110 — Capital notes and debentures shall be included in capital.
South Carolina § 34-9-110
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 9BANK CAPITAL AND CAPITAL STOCK
This text of South Carolina § 34-9-110 (Capital notes and debentures shall be included in capital.) 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. § 34-9-110 (2026).
Text
The term "capital" as used in the laws of this State relating to banking shall be construed to embrace the amount of outstanding capital notes and debentures legally issued by any banking institution. The capital stock of any such banking institution may be deemed to be unimpaired when the amount of such capital notes and debentures as represented by cash or sound assets exceed the impairment as found by the Commissioner of Banking.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1962 Code SECTION 8-152; 1952 Code SECTION 8-152; 1942 Code SECTION 7836; 1935 (39) 464; 1964 (53) 2058.
Nearby Sections
12
§ 34-9-100
Issuance of capital notes or debentures.§ 34-9-130
Reserve requirements of state banks.§ 34-9-40
Minimum capital requirements.§ 34-9-70
Repealed.§ 34-9-80
Repealed.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 34-9-110, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/9/34-9-110.