GroundRules
S.C. Code Ann. § 33-37-1080: Discontinuance of participation by participating financial institution.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 37 Business Development Corporations
- ARTICLE 10 Capital Access Program
If a participating financial institution that elects to discontinue its participation in the CAP has funds on deposit in the loss reserve account, the funds must be forfeited by the institution to the state fund and used in the CAP as loss reserves as provided in this article.
Collected 2026-09-02T07:04:09Z. Source file · JSON