S.C. Code Ann. § 34-3-820
This is the official text of S.C. Code Ann. § 34-3-820, part of South Carolina’s Code Ann — part of the compiled statutory law of South Carolina, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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SECTION 34-3-820. Time corporate existence as state bank commences.
Official statutory text
After the issuance of such certificate by the Secretary of State and the payment to him of the same fees as would be payable for the incorporation of a bank under the laws of this State with a similar capital stock, the corporate existence of such bank as a state bank shall begin as soon as its dissolution as a national banking corporation or state banking corporation becomes effective. Effect of Amendment 2021 Act No. 30, SECTION 7, substituted "state bank" for "State bank" and inserted "or state banking corporation" following "national banking corporation".
Status: in_force · Read it on the official government site
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