{"data":{"id":"us-sc/s.c.-code-ann.-34-9-10","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-9-10","heading":"Amount of capital to be paid in United States currency.","body":"No bank may be organized as a banking corporation or company under the laws of this State unless there has been first paid in United States currency the full subscription price of so much of the authorized capital stock as required by the State Board of Financial Institutions. Notes of stockholders, and other notes and mortgages on property, real, personal or mixed, may not be considered and accepted as cash in payment for shares of capital stock of any such bank.","path":["Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY","CHAPTER 9 Bank Capital and Capital Stock"],"source_url":"https://www.scstatehouse.gov/code/t34c009.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:05:44Z","sha256":"ab65d635a4dc018c64c157b0c34a0ca4607b3fe6c23229972764cc4b2500ba4c","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-7-70","next":"us-sc/s.c.-code-ann.-34-9-20"},"notice":"GroundRules: Original legal text. Not legal advice."}