Subject to rules or regulations that the board considers appropriate, a state savings bank may lend and invest no more than fifty percent of its total assets in commercial loans. A commercial loan is for business, commercial, corporate, and agricultural purposes.
Limitations on loans and investments in commercial loans
S.C. Code Ann. § 34-30-1410, under Title 34, Chapter 30.
S.C. Code Ann. § 34-30-1410