South Carolina Statutes
§ 34-9-60 — Paid-in capital must meet Federal Deposit Insurance Fund requirements.
South Carolina § 34-9-60
JurisdictionSouth Carolina
Title 34BANKING, FINANCIAL INSTITUTIONS AND MONEY
Ch. 9BANK CAPITAL AND CAPITAL STOCK
This text of South Carolina § 34-9-60 (Paid-in capital must meet Federal Deposit Insurance Fund requirements.) 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. § 34-9-60 (2026).
Text
In addition to all other requirements, no bank or banking institution of any nature shall be granted a charter by the Secretary of State unless and until the State Board of Bank Control has certified that the paid-in capital of such bank or banking institution is sufficient to qualify such bank or banking institution for membership in the Federal Deposit Insurance Fund.
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Legislative History
HISTORY: 1962 Code SECTION 8-146; 1952 Code SECTION 8-146; 1942 Code SECTION 7833; 1939 (41) 216; 1940 (41) 1774.
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Repealed.§ 34-9-80
Repealed.Cite This Page — Counsel Stack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 § 34-9-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/9/34-9-60.