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27 chapters · 549 sections in this title.
S.C. Code Ann. § 34-33-10 "Banker's bank" defined
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As used in this chapter, "banker's bank" means a bank insured by the Federal Deposit Insurance Corporation or the holding company which owns or controls such an insured bank where the stock of the bank or holding company is owned exclusively by other banks and the bank or holding…
S.C. Code Ann. § 34-33-20 Formation of corporation
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With the approval of the State Board of Financial Institutions, a corporation may be formed under the laws of this State for the purpose of becoming a banker's bank.
S.C. Code Ann. § 34-33-30 Applicability of banking laws and regulations
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A banker's bank chartered pursuant to this chapter is subject to the appropriate banking provisions in Title 34 of the 1976 Code and the regulations thereunder and except as specifically provided in this chapter or by order of the State Board of Financial Institutions, a banker's…
S.C. Code Ann. § 34-33-40 Repurchase of capital stock
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Notwithstanding any provision of Title 34 of the 1976 Code, a banker's bank may repurchase, for its own account, shares of its own capital stock, but the outstanding capital stock may not be reduced below the minimum required by law without the prior approval of the State Board o…
