GroundRules
S.C. Code Ann. § 34-30-1410: Limitations on loans and investments in commercial loans.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 30 State Savings Bank
- ARTICLE 7 Loans and Investments
Subject to rules or regulations that the board considers appropriate, a state savings bank may lend and invest no more than fifty percent of its total assets in commercial loans. A commercial loan is for business, commercial, corporate, and agricultural purposes.
Collected 2026-09-02T07:06:44Z. Source file · JSON