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27 chapters · 549 sections in this title.
S.C. Code Ann. § 34-45-10 Legislative findings
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The South Carolina General Assembly finds that: (1) Savings promotion contests encourage people to save money by adding a feature to personal savings accounts that include a chance to win prizes. (2) Savings promotion contests are not lotteries, because they do not require indivi…
S.C. Code Ann. § 34-45-20 Definitions
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As used in this chapter, the following terms shall mean: (1) "Appropriate state or federal regulatory agency of a financial institution" means the South Carolina State Board of Financial Institutions, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Co…
S.C. Code Ann. § 34-45-30 Savings promotion contests authorized
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A financial institution authorized to do business in South Carolina under federal or state law, subject to the supervision of the appropriate state or federal regulatory agency of the participating financial institution, may conduct a savings promotion contest in accordance with …
S.C. Code Ann. § 34-45-40 Conditions for conducting savings promotion contest
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A participating financial institution may conduct a savings promotion contest for the benefit of its depositors only if all of the following conditions are met: (1) The terms and conditions of the savings promotion contest must allow a depositor to obtain one or more entries to w…
