GroundRules
S.C. Code Ann. § 34-30-1230: Acceptance of own capital stock or mutual capital certificates as security prohibited.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 30 State Savings Bank
- ARTICLE 7 Loans and Investments
A state savings bank may not accept its own capital stock, or that of its holding company, or its own mutual capital certificates as security for loans made by the state savings bank.
Collected 2026-09-02T07:06:44Z. Source file · JSON