South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-39A - Mutual Capital Certificates
Universal Citation: SC Code Regs 15-39A
Current through Register Vol. 47, No. 12, December 22, 2023
State-chartered savings and loan associations are authorized to issue Mutual Capital Certificates under the same terms and conditions as permitted federally chartered savings and loan associations by Section 563.7-4 of the Federal Home Loan Bank Board Regulation Regulation 563 adopted by the Board on November 21, 1980, effective December 29, 1980.
Statutory Authority: 1976 Code Section 34-1-110
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