{"data":{"id":"us-sc/s.c.-code-ann.-34-3-640","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-3-640","heading":"Assets pass to Federal Deposit Insurance Corporation on appointment as receiver of liquidator.","body":"Upon the acceptance of the appointment as receiver or liquidator as aforesaid by the Federal Deposit Insurance Corporation, the possession of and title to all the assets, business and property of such banking institution of every kind and nature shall, with the consent of the Commissioner of Banking, pass to and vest in the Corporation.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 3 Banks and Banking Generally","ARTICLE 9 Relationship with Federal Deposit Insurance Corporation"],"source_url":"https://www.scstatehouse.gov/code/t34c003.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:05:24Z","sha256":"47307a92fb61a96a7859397c628bef349bc292d544ce41c7755377633b7b62d0","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-3-630","next":"us-sc/s.c.-code-ann.-34-3-650"},"notice":"GroundRules: Original legal text. Not legal advice."}