GroundRules
S.C. Code Ann. § 33-37-20: Deposit of funds.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 37 Business Development Corporations
- ARTICLE 1 General Provisions
The corporation shall not deposit any of its funds in any banking institution unless the institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director who is an officer or director of the depository so designated.
Collected 2026-09-02T07:04:09Z. Source file · JSON