South Carolina Code 34-30-190. Discontinuance of branch office operation
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Terms Used In South Carolina Code 34-30-190
- bank: as used in this title must be construed to include all institutions doing any kind of banking business whose deposits are eligible for insurance by the Federal Deposit Insurance Corporation, excluding a savings bank, and "building and loan association" as used in this title must be construed to include a mutual or stock savings association, savings and loan association, or savings bank and all other institutions doing any kind of building and loan business whose deposits are eligible for insurance by the Federal Savings and Loan Insurance Corporation. See South Carolina Code 34-1-10
The board of a state savings bank may discontinue the operation of a branch office with the prior written approval of the board.