South Carolina Code 34-26-250. Duty of credit union to maintain books, records, accounting systems, and procedures
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(1) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with such regulations as the board from time to time prescribes.
(2) A credit union is not liable for destroying records after the expiration of the record retention time prescribed by regulation, except for any records involved in an official investigation or examination about which the credit union has received notice.
Terms Used In South Carolina Code 34-26-250
- 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.
(3) Reproduction of any credit union records shall be admissible as evidence of transactions with the credit union as provided in § 34-3-540.