{"data":{"id":"us-sc/s.c.-code-ann.-34-28-360","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-28-360","heading":"Prohibited acquisitions.","body":"(a) Except as specifically permitted under Section 34-28-350, no South Carolina association, South Carolina savings and loan holding company, Southern Region association, or Southern Region savings and loan holding company having a South Carolina association subsidiary may acquire an association or savings and loan holding company which is not either a South Carolina savings and loan holding company or a Southern Region savings and loan holding company or an association which is not either a South Carolina association or a Southern Region association.\n(b) Except as expressly permitted by federal law, no association which is not either a South Carolina association or a Southern Region association and no savings and loan holding company which is not either a South Carolina savings and loan holding company or a Southern Region savings and loan holding company may acquire a South Carolina association, a South Carolina savings and loan holding company, or a Southern Region savings and loan holding company controlling a South Carolina association.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 28 Savings Associations","ARTICLE 4 Savings and Loan Acquisitions and Holding Companies"],"source_url":"https://www.scstatehouse.gov/code/t34c028.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:06:34Z","sha256":"43d4ec9d697c4be18269f659e1353baad49a549ebb8ee6322c41d0a525e8f6f3","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-28-350","next":"us-sc/s.c.-code-ann.-34-28-370"},"notice":"GroundRules: Original legal text. Not legal advice."}