™Your Policy Risk Impact Agent
25 chapters · 534 sections in this title.
S.C. Code Ann. § 34-9-20 Additional ten percent of capital must be paid in
0.5K chars
In addition to full payment for the capital stock proposed to be issued, the applicants for a charter for a banking corporation or company shall furnish satisfactory evidence to the State Board of Bank Control that an additional sum of ten percent of the proposed capital of the b…
S.C. Code Ann. § 34-9-30 Recovery of penalties for nonpayment of stock subscriptions and unpaid installments on subscriptions
0.6K chars
The penalties for the nonpayment of any stock subscriptions as prescribed in Section 34-3-240, together with any unpaid installments on such subscriptions, may be recovered in any court having jurisdiction of the aggregate amount so due or the stock may be sold for cash after twe…
S.C. Code Ann. § 34-9-40 Minimum capital requirements
0.4K chars
Every banking company or corporation hereafter organized shall have a minimum capital in the amount required by the State Board of Financial Institutions. In determining the minimum amount the State Board of Financial Institutions shall give due consideration to the location of t…
S.C. Code Ann. § 34-9-60 Paid-in capital must meet Federal Deposit Insurance Fund requirements
0.4K chars
In addition to all other requirements, no bank or banking institution of any nature shall be granted a charter by the Secretary of State unless and until the State Board of Bank Control has certified that the paid-in capital of such bank or banking institution is sufficient to qu…
