South Carolina Statutes
§ 34-9-130 — Reserve requirements of state banks.
South Carolina § 34-9-130
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 9BANK CAPITAL AND CAPITAL STOCK
This text of South Carolina § 34-9-130 (Reserve requirements of state banks.) 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. § 34-9-130 (2026).
Text
Every state bank which is not a member of the Federal Reserve System shall maintain the same reserves against deposits as required for a state bank which is a member of the Federal Reserve System. These reserves must be maintained in the same kind of assets as required for member banks.
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Legislative History
HISTORY: 1962 Code SECTION 8-154; 1952 Code SECTION 8-154; 1942 Code SECTION 7844; 1932 Code SECTION 7863; Civ. C. '22 SECTION 3993; Civ. C. '12 SECTION 2655; 1909 (26) 81; 1923 (33) 159; 1933 (38) 296; 1936 (39) 1484; 1953 (48) 357; 1980 Act No. 456; 1991 Act No. 125, SECTION 1, eff June 4, 1991. Effect of Amendment The 1991 amendment rewrote this section.
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Repealed.§ 34-9-80
Repealed.Cite This Page — Counsel Stack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 § 34-9-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/9/34-9-130.