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25 chapters · 534 sections in this title.
S.C. Code Ann. § 34-30-340 Merger or consolidation of state savings banks; procedure
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Two or more mutual state savings banks or two or more stock state savings banks organized and operating may merge or consolidate into a single state savings bank. The procedure to effect the merger is: (1) The directors, or a majority of them, of the state savings banks that desi…
S.C. Code Ann. § 34-30-350 Merger of state savings banks and federal depository institutions
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Any two or more depository institutions, when one or more is a state savings bank and one or more is a federal depository institution operating in South Carolina, may merge under either a state savings bank charter or a federal charter.
S.C. Code Ann. § 34-30-360 Merger of stock state savings banks with banks or associations; merger plan; amendment; approval; vote
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(A) A stock state savings bank, upon a majority vote of its board of directors, may apply to the board for permission to merge with a bank, as defined in Chapter 25, or an association, as defined in Section 34-28-30. (B) The state savings bank shall submit a plan of merger as a p…
S.C. Code Ann. § 34-30-370 Voluntary dissolution of state savings banks
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A state savings bank may be dissolved voluntarily by a majority vote of the board of directors when substantially all of the assets have been sold for the purpose of terminating the business of the savings bank and when a certificate of dissolution is recorded in the manner requi…
