After the issuance of such certificate by the Secretary of State and the payment to him of the same fees as would be payable for the incorporation of a bank under the laws of this State with a similar capital stock, the corporate existence of such bank as a state bank shall begin as soon as its dissolution as a national banking corporation or state banking corporation becomes effective.
Time corporate existence as state bank commences
S.C. Code Ann. § 34-3-820, under Title 34, Chapter 3.
S.C. Code Ann. § 34-3-820