South Carolina Code 33-37-420. Application for membership
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Terms Used In South Carolina Code 33-37-420
- Board of directors: means the board of directors of the corporation created pursuant to this chapter. See South Carolina Code 33-37-10
- Financial institution: means any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation, federal or state agency, or other institution engaged primarily in lending or investing funds including, without limitation, the Small Business Administration, an agency of the United States Government. See South Carolina Code 33-37-10
Any financial institution may request membership in the corporation by making application to the board of directors on that form and in that manner as the board of directors may require, and the membership becomes effective upon acceptance of the application by the board.