South Carolina Code 34-30-530. Adoption of rules, regulations, definitions, and forms; recording or reproducing of records; printed reproductions
(B) Without limiting the generality of subsection (A) of this section the board may adopt rules or regulations, definitions, and forms with respect to the following:
Terms Used In South Carolina Code 34-30-530
- 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
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(1) reserve requirements;
(2) stock ownership and dividends;
(3) stock transfers;
(4) original incorporators, stockholders, directors, officers, and employees of a state savings bank;
(5) bylaws;
(6) the operation of state savings banks;
(7) deposit accounts, bonus plans, and contracts for savings programs;
(8) loans and loan expenses;
(9) investments and resource management;
(10) forms or proxies, holders of proxies, and proxy solicitations;
(11) types of financial records to be maintained by state savings banks;
(12) retention periods of various financial records;
(13) internal control procedures of state savings banks;
(14) conduct and management of state savings banks;
(15) chartering and branching;
(16) liquidations, dissolutions, and receiverships;
(17) mergers, consolidations, conversion, and combination mergers and conversions;
(18) interim state savings banks;
(19) reports that may be required by the board;
(20) conflicts of interest;
(21) service corporations; and
(22) subsidiary state savings banks and holding companies, including the rights of members, levels of investment in the subsidiaries, and stock sales.
(C) A state savings bank may cause any or all of its records to be recorded, copied, or reproduced by:
(1) photostatic, photographic, or microfilming process; or
(2) electronic graphic imaging through scanning, digitizing, or other means.
These processes or means must correctly copy, reproduce, or form a medium for copying or reproducing the original record so that an accurate facsimile of the original is printed or otherwise reproduced on paper, film, or similar medium.
(D) The printed reproduction is considered an original record for all purposes and must be treated as an original record in all courts or administrative agencies for the purpose of its admissibility into evidence, regardless of whether the institution retains or disposes of the original, provided:
(1) the original document otherwise qualified as a business record pursuant to the South Carolina Uniform Business Records as Evidence Act or the appropriate state or federal rules or regulations of evidence; and
(2) a custodian or other qualified witness as those terms are used in the appropriate state or federal rules of evidence certifies that the printed reproduction is a true and correct copy of the original.