The bank, subject to agreements with bondholders as may then exist, may purchase outstanding bonds of the bank with any available funds, at any reasonable price. If the bonds are then redeemable, the price must not exceed the redemption price then applicable plus accrued interest to the next interest payment date.
Purchase of outstanding bonds; price
S.C. Code Ann. § 11-43-370, under Title 11, Chapter 43.
S.C. Code Ann. § 11-43-370