South Carolina Code of Regulations
Chapter 15 - STATE BOARD OF FINANCIAL INSTITUTIONS CONSUMER FINANCE DIVISION
Article 2 - COOPERATIVE CREDIT UNIONS
Section 15-48 - Procedure for State Credit Unions to Use Share Drafts
Universal Citation: SC Code Regs 15-48
Current through Register Vol. 48, No. 9, September 27, 2024
State chartered credit unions are authorized to use negotiable or non-negotiable drafts to withdraw shares from a share draft account using the same procedure as authorized for Federal credit unions pursuant to National Credit Union Administration Regulation Part 701, Section 701.34, and any amendments thereto.
Statutory Authority: 1976 Code Section 34-1-110
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