South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-29 - Loans to Officers and Directors
Universal Citation: SC Code Regs 15-29
Current through Register Vol. 48, No. 3, March 22, 2024
Loans to officers and directors of a state bank shall be approved by two-thirds vote of the whole board of directors of the bank within ninety (90) days of the date of the note or any subsequent renewals thereof.
Statutory Authority: 1976 Code Section 34-1-110
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