South Carolina Statutes
§ 34-9-60 — Paid-in capital must meet Federal Deposit Insurance Fund requirements.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 9 BANK CAPITAL AND CAPITAL STOCK
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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 34-9-60 (Paid-in capital must meet Federal Deposit Insurance Fund requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed.§ 34-9-80
Repealed.