GroundRules
S.C. Code Ann. § 34-9-60: Paid-in capital must meet Federal Deposit Insurance Fund requirements.
Where this section sits in the code
- Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
- CHAPTER 9 Bank Capital and Capital Stock
In addition to all other requirements, no bank or banking institution of any nature shall be granted a charter by the Secretary of State unless and until the State Board of Bank Control has certified that the paid-in capital of such bank or banking institution is sufficient to qualify such bank or banking institution for membership in the Federal Deposit Insurance Fund.
Collected 2026-09-02T07:05:44Z. Source file · JSON