{"data":{"id":"us-sc/s.c.-code-ann.-34-9-120","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 34-9-120","heading":"Prerequisite of retirement of capital notes and debentures.","body":"Before any such capital notes or debentures are retired or paid by the bank any existing deficiency of its capital, disregarding the notes or debentures to be retired, must be paid in cash, to the end that the sound capital assets shall at least equal the capital stock of the 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":"a1f964ae5ed04aa720e6e9321f0ab83cdf44e9006abbc6ef3e3b506c5041bae9","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-34-9-110","next":"us-sc/s.c.-code-ann.-34-9-130"},"notice":"GroundRules: Original legal text. Not legal advice."}