South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 1 - BANKING, COMMERCIAL PAPER AND FINANCE
Section 15-4 - State Bank Dividends
Universal Citation: SC Code Regs 15-4
Current through Register Vol. 48, No. 3, March 22, 2024
Any State bank contemplating the payment of a cash dividend shall first file with the office of the Commissioner of Banking, Board of Bank Control, an income and expense report as required by Regulation Regulation 15-28, and second shall secure the approval in writing of the Board of Bank Control before paying the dividend.
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