GroundRules
S.C. Code Ann. § 34-28-320: Acts requiring prior approval of federal authorities.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 28 Savings Associations
- ARTICLE 4 Savings and Loan Acquisitions and Holding Companies
With the prior approval of the Federal Home Loan Bank Board and other applicable federal authorities in accordance with their approval authority over the transaction and without the necessary approval of the Board except for the requirements under Section 34-28-340(b):
(1) A South Carolina federal association may acquire a Southern Region association; and
(2) A Southern Region association may acquire a South Carolina federal association.
Collected 2026-09-02T07:06:34Z. Source file · JSON