S.C. Code Ann. § 34-5-140: Segregation and use under Section 34-5-80 of deposits not required after termination of conservatorship.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 5 Management of Bank by Conservators
After fifteen days have elapsed from the time the affairs of the bank shall have been returned to its directors by the conservator either with or without a reorganization as provided in Section 34-5-110, the provisions of Section 34-5-80 with respect to the segregation of deposits received while a bank is in the hands of a conservator and with respect to the use of such deposits to liquidate the indebtedness of such bank shall no longer be effective.
Collected 2026-09-02T07:05:29Z. Source file · JSON