South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-10 - Participation in RFC Loans

Any bank may participate in any loan made or granted by the Reconstruction Finance Corporation, to an amount not in excess of the limitations imposed by Sections 34-13-50 to 34-13-80, S. C. Code 1976; and any bank may make and grant loans in any amount, which are participated in by Reconstruction Finance Corporation, or which that Corporation agrees to participate in; provided, the bank shall first obtain from that Corporation its commitment to purchase from the bank within a reasonable time after demand (to be agreed upon in the agreement of commitment) the amount in excess of the limitations imposed by the Sections of the Code mentioned above. (This rule filed in the Office of the Secretary of State March 29, 1943.)