reglab/housing_qa huggingface dataset:
SC Code § 34-1-190 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 1 - State Board Of Financial Institutions|Section 34-1-190. Decisions to uphold or overturn denial of applications; time limits; evidence; hearings; appeals.

 (A) The board shall decide whether to uphold or overturn its denial of an application within sixty days after receipt of the applicant's request for a hearing. However, if the board requests additional information from the applicant following receipt, the time limit for decision by the board must be the later of:  (1) the date set forth in this subsection; or  (2) thirty days after the board's receipt of the requested additional information.  (B) The board shall consider oral testimony and any other information and evidence it considers appropriate, either written or oral. The board's review must be limited to a determination of whether the criteria pursuant to Section 34-1-180 has been met and whether the provisions of this chapter have been followed.  (C) The board in its discretion may hold a public hearing in connection with its review if a significant issue of law or fact has been raised with respect to the proposed applicant.  (D) If the board holds a public hearing within ninety days after receipt of the applicant's request for a hearing, the time limit specified in subsection (A) must be extended to thirty days after the conclusion of the public hearing.  (E) If the board denies an application for a charter, the applicant may appeal the denial or approval containing the conditions to the Administrative Law Court pursuant to the rules of that court.  HISTORY: 2021 Act No. 30 (S.467), Section 1, eff May 6, 2021.
SC Code § 34-1-200 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 1 - State Board Of Financial Institutions|Section 34-1-200. Requirements for issuing a bank charter; revocation of charter; appeals; dissolution and liquidation.

 (A) A proposed bank, building and loan association, savings and loan association, or savings bank may not engage in business except as allowed under Section 34-1-160 until the board approves the charter. In addition to the requirements set forth in Section 34-1-180, the board may not issue the charter until the board is satisfied that the proposed bank, building and loan association, savings and loan association, or savings bank has done each of the following:  (1) received payment in United States currency for the purchase of shares and will have required satisfactory capital upon commencing business, in each case in at least the amount required by the board's order approving the application;  (2) elected the proposed officers and directors named in the application or other officers and directors approved by the board;  (3) secured deposit insurance from the FDIC;  (4) complied with all requirements of the board's order approving the application for a charter; and  (5) made preparations that would indicate readiness to commence the business of banking in the reasonable discretion of the board upon a preopening examination.  (B) The charter approved by the board must set forth any trust powers of the bank, building and loan association, savings and loan association, or savings bank that may be full or partial trust powers.  (C) If a bank, building and loan association, savings and loan association, or savings bank does not open and engage in the business of banking within six months after the date its charter is issued or within such longer period as may be permitted by the board, the board shall revoke the charter.  (D) If the board determines that a charter should not be issued following board approval, the board shall issue an order revoking the charter, and the applicant may appeal that decision to the board. If the board upholds the revocation, the applicant may appeal the revocation to the Administrative Law Court pursuant to the rules of that court.  (E) Following the exhaustion of all appeals, the board may dissolve and liquidate the proposed bank, building and loan association, savings and loan association, or savings bank, or order the organizers to dissolve and liquidate the proposed bank, building and loan association, savings and loan association, or savings bank, if any one of the following occurs:  (1) the board does not issue a charter;  (2) the board denies approval of a charter; or  (3) the charter is revoked by the board pursuant to subsection (C) or other applicable law.  HISTORY: 2021 Act No. 30 (S.467), Section 1, eff May 6, 2021.
SC Code § 34-1-210 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 1 - State Board Of Financial Institutions|Section 34-1-210. Remote service unit not considered a branch of a bank.

 A remote service unit as defined in Section 34-28-30 is not considered a branch of a bank, building and loan association, savings and loan association, or a savings bank and is not subject to any of the provisions of this chapter applicable to branch applications.  HISTORY: 2021 Act No. 30 (S.467), Section 1, eff May 6, 2021.
SC Code § 34-1-220 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 1 - State Board Of Financial Institutions|Section 34-1-220. Delegations to the Commissioner of Banking.

 For purposes of the provisions of this chapter, the board may delegate to the Commissioner of Banking its authority to receive applications, develop necessary forms, issue certificates or correspondence on behalf of the board, conduct examinations, request additional information or documentation from applicants, approve articles of incorporation, and establish capital requirements and other standards for the safety and soundness of bank operations. Any such delegation may be revoked by the board at any time.  HISTORY: 2021 Act No. 30 (S.467), Section 1, eff May 6, 2021.
SC Code § 34-3-10 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-10. Use of "bank" or "banking" by other than banking institutions.

 (A) A person in this State, other than a legalized incorporated banking institution, may not use the word "bank" or "banking" in connection with a business, calling, or pursuit; except that a state-chartered savings and loan association may change its designation and name to a "savings bank" pursuant to the same authority and subject to the same rules and regulations that federally-chartered savings and loan associations are permitted to make that change according to the provisions of Public Law 97-320 (the Garn-St. Germain Depository Institutions Act of 1982). A person violating the provisions of this subsection must be fined not less than one thousand dollars and not more than ten thousand dollars or imprisoned not more than ten years or less than one year, or both fined and imprisoned, all in the discretion of the court.  (B)(1) A person in this State may not use the name or logo of a banking entity in connection with the sale, offering for sale, or advertising of a financial product or service without the written consent of that banking entity. A person violating this subsection must be fined not less than five hundred dollars and not more than one thousand dollars for each separate use of the name or logo of a banking entity in connection with the sale, offering for sale, or advertising of a financial product or service without the written consent of the banking entity.  (2) A banking entity may file an action to enjoin the use of its name or logo in connection with the sale, offering for sale, distribution, or advertising of a financial product or service without its written consent. A court of competent jurisdiction may grant an injunction to restrain the wrongful use and may require the defendants to pay to the banking entity all profits derived from, and all damages suffered by reason of, the wrongful use of the name or logo, including costs and reasonable attorney's fees.  (3) The remedies of this subsection are not exclusive and do not preclude the use of another remedy at law.  HISTORY: 1962 Code Section 8-101; 1952 Code Section 8-101; 1942 Code Section 7830-1; 1932 Code Section 1345; Cr. C. '22 Section 235; 1913 (28) 107; 1983 Act No. 7 Section 1; 2008 Act No. 181, Section 1, eff February 19, 2008.  Effect of Amendment  The 2008 amendment designated and rewrote subsection (A) and added subsection (B) relating to use of banking entity's logo or name in connection with the sale of a financial product or service.
SC Code § 34-3-20 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-20. Provisions not applicable to national banks.

 Nothing contained in Sections 34-3-30, 34-3-50, 34-3-60, 34-3-210 to 34-3-250, 34-3-380 to 34-3-420, 34-9-30, 34-9-130, 34-11-30, 34-13-10 to 34-13-80, 34-13-100, 34-13-110, 34-13-130, and 34-15-10 to 34-15-40 shall apply to any national bank.  HISTORY: 1962 Code Section 8-102; 1952 Code Section 8-102; 1942 Code Section 7865; 1932 Code Section 7861; Civ. C. '22 Section 3991; Civ. C. '12 Section 2653; 1906 (25) 103; 1911 (27) 4.  Editor's Note  Section 34-3-60, referenced in the text, was repealed by 2021 Act No. 30, Section 19, effective May 6, 2021.
SC Code § 34-3-30 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-30. Certain parts of bank charters repealed.

 All parts of acts of incorporation granted to banking corporations repugnant to the provisions of Sections 34-13-10 to 34-13-40 are repealed.  HISTORY: 1962 Code Section 8-103; 1952 Code Section 8-103; 1942 Code Section 7855; 1932 Code Section 7842; Civ. C. '22 Section 3976; Civ. C. '12 Section 2641; Civ. C. '02 Section 1765; G. S. 1351; R. S. 1463; 1817 (8) 36.
SC Code § 34-3-40 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-40. Shares of stock requisite for eligibility as bank director.

 No stockholder in a corporation organized under the laws of this State for banking purposes is eligible for election as a director who is not the owner of unencumbered and unpledged shares of stock in the corporation having an aggregate par value of at least five hundred dollars or having an aggregate book value as of December thirty-first of the most recent year of at least five hundred dollars. Where the banking corporation is a wholly-owned subsidiary, the required qualifying shares must be shares in the parent corporation.  HISTORY: 1962 Code Section 8-103.1; 1952 Code Section 8-103.1; 1942 Code Section 7748; 1932 Code Section 7748; Civ. C. '22 Section 4322; Civ. C. '12 Section 2853; Civ. C. '02 Section 1896; 1896 (22) 99; 1926 (34) 1729; 1969 (56) 299; 1988 Act No. 533, eff May 18, 1988.  Effect of Amendment  The 1988 amendment made grammatical changes and added language relating to aggregate book value.
SC Code § 34-3-50 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-50. Officers and employees must be bonded.

 All active officials and employees of any State bank shall be bonded. The bonds shall be reviewed and approved or disapproved in writing annually by the board of directors.  HISTORY: 1962 Code Section 8-104; 1952 Code Section 8-104; 1942 Code Section 7850; 1932 Code Sections 1351, 7831; Civ. C. '22 Section 3973; Civ. C. '12 Section 2638; Civ. C. '02 Section 1762; G. S. 1348; R. S. 223, 1460; Cr. C. '22 Section 241; Cr. C. '12 Section 346; Cr. C. '02 Section 259; 1877 (16) 232; 1923 (33) 156; 1960 (51) 1675.
SC Code § 34-3-65 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-65. Opening of deposit accounts at special events; conditions.

 Financial institutions may provide for account service representatives to visit public events and commercial locations including governmental, educational, and health facilities for the purpose of opening deposit accounts and providing services incidental to opening these accounts. However, access is only available if the financial institution and the sponsor of the public event or the person responsible for the commercial location agree to have the financial institution at the event or location. Account paying and receiving services may not be provided during these visits other than an initial deposit to a new account.  HISTORY: 1996 Act No. 329, Section 1, eff upon approval (became law without the Governor's signature on May 21, 1996).
SC Code § 34-3-70 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-70. False statements concerning solvency of bank.

 Any person who shall falsely and wilfully and with intent to injure circulate any report or make any false oral statement as to the assets or liabilities of any bank in this State, its solvency or ability to meet its obligations or its soundness or who shall make any other false oral statement calculated to affect the credit or standing of such a bank or to cast suspicion upon its solvency, soundness or ability to meet its deposits or other obligations in due course shall be guilty of a misdemeanor and upon conviction thereof shall be fined not less than one hundred dollars nor more than five hundred dollars or be imprisoned for not more than one year, or both, in the discretion of the court.  HISTORY: 1962 Code Section 8-108; 1952 Code Section 8-108; 1942 Code Section 7874-3; 1932 Code Section 1230; 1922 (32) 773.
SC Code § 34-3-80 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-80. Criminal liability of bank official furnishing false certificate to Comptroller General.

 Whenever an officer of any bank engaged in business in this State shall be called upon by the Comptroller General or any of his clerks or agents for a certificate of the amount of cash on deposit to the credit of any public officer for use in settlements with such public officer and shall wilfully and knowingly give a false certificate or statement he shall be guilty of a misdemeanor and, upon conviction, shall be punished by a fine of not less than one hundred dollars nor more than five hundred dollars or by imprisonment for not more than six months nor less than three months, in the discretion of the court.  HISTORY: 1962 Code Section 8-109; 1952 Code Section 8-109; 1942 Code Section 7852; 1932 Code Section 1252; Cr. C. '22 Section 147; Cr. C. '12 Section 297; 1910 (26) 566.
SC Code § 34-3-90 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-90. Penalties.

 Any violation of the provisions of Sections 34-1-60, 34-1-70, 34-3-310 and 34-3-320, 34-5-10 to 34-5-80 and 34-5-100 to 34-5-150 or of any of the duly promulgated rules and regulations issued by the Board under the authority of any of such sections shall constitute a misdemeanor and shall be punishable by a fine of not exceeding five thousand dollars or by imprisonment not exceeding one year, or both.  HISTORY: 1962 Code Section 8-110; 1952 Code Section 8-110; 1942 Code Section 7829-10; 1936 (39) 1484.  Editor's Note  Section 34-1-70, referenced in the text, was repealed by 2021 Act No. 30, Section 19, effective May 6, 2021.
SC Code § 34-3-100 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-100. Transaction of business in State by foreign bank.

 Banks organized under the laws of a foreign government may transact a banking business in the State, if approved by the Board of Financial Institutions after full investigation and hearing.  HISTORY: 1978 Act No. 644 Part II Section 25.
SC Code § 34-3-110 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-110. Crimes against a federally chartered or insured financial institution.

 (A) A person knowingly may not execute, or attempt to execute, a scheme or artifice to:  (1) defraud a federally chartered or insured financial institution; or  (2) obtain monies, funds, credits, assets, securities, or other property owned by or under the custody or control of a federally chartered or insured financial institution by means of false or fraudulent pretenses, representations, or promises.  (B) A person who violates the provisions of subsection (A) is guilty of a felony and, upon conviction, must be fined not more than ten thousand dollars or imprisoned for not more than five years, or both.  (C) As used in this section, "federally chartered or insured financial institution" means:  (1) a bank with deposits insured by the Federal Deposit Insurance Corporation;  (2) an institution with accounts insured by the Federal Savings and Loan Insurance Corporation;  (3) a credit union with accounts insured by the National Credit Union Administration Board;  (4) a federal home loan bank or a member, as defined in Section 2 of the Federal Home Loan Bank Act, 12 U.S.C. Section 1422, of the federal home loan bank system; or  (5) a bank, banking association, land bank, intermediate credit bank, bank for cooperatives, production credit association, land bank association, mortgage association, trust company, savings bank, or other banking or financial institution organized or operating under the laws of the United States.  (D) The provisions of this section do not affect the provisions of Section 34-11-70.  HISTORY: 1989 Act No. 88, Section 1, eff May 17, 1989.
SC Code § 34-3-210 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-210. General powers of banking corporation.

 Every banking corporation may:  (1) Receive and pay out the lawful currency of the country;  (2) Deal in exchange, gold and silver coin, bullion, uncurrent paper, public and other securities and stocks of other corporations;  (3) Purchase and hold such real estate and personal property as (a) may be conveyed to it to secure debts to the corporation, (b) may be sold under execution to satisfy debts due in whole or in part to the corporation or (c) may be deemed necessary or convenient for the transaction of its business, and sell and dispose of such real estate and personal property at pleasure;  (4) Discount notes, bills of exchange, bonds and other evidences of debt and lend money on such terms as may be agreed on, subject to the usury laws of the State;  (5) Receive on deposit moneys on such terms as may be agreed on with the depositor and issue certificates therefor, negotiable or assignable in such way as may be stipulated in the certificates;  (6) Sue and be sued and plead and be impleaded in any court of this State;  (7) Adopt and use a corporate seal and alter it at its pleasure; and  (8) Adopt all such bylaws for the general management and direction of the business and affairs of the corporation, not inconsistent with the laws of the United States and of this State, as may be deemed proper, and add to, alter or amend them from time to time as may be desired;  And shall have generally all the rights, powers and privileges in law incident or appertaining to such corporations.  HISTORY: 1962 Code Section 8-131; 1952 Code Section 8-131; 1942 Code Section 7843; 1932 Code Section 7862; Civ. C. '22 Section 3992; Civ. C. '12 Section 2654; Civ. C. '02 Section 1774; R. S. 1538; 1887 (19) 860; 1913 (28) 37; 1919 (31) 41; 1953 (48) 357.
SC Code § 34-3-220 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-220. Acceptance of drafts and bills of exchange.

 Every such banking corporation may accept drafts or bills of exchange drawn upon it having not more than six months' sight to run, exclusive of grace, which (a) grow out of transactions involving the importation or exportation of goods or the domestic shipment of goods, provided shipping documents conveying or securing title are attached at the time of acceptance, or (b) are secured at the time of acceptance by a warehouse receipt or other such document conveying or securing title covering readily marketable staples. No such banking corporation shall accept, whether in a foreign or domestic transaction, for any one person an amount equal at any one time in the aggregate to more than ten per cent of its paid-up and unimpaired capital stock and surplus, unless the banking corporation is secured either by attached documents or by some other actual security arising out of the same transaction as the acceptance. And no banking corporation shall accept such bills to an amount equal at any time in the aggregate to more than one half of its paid-up and unimpaired capital stock and surplus. But the Commissioner of Banking, under such general regulations as he may prescribe which shall apply to all banking corporations alike regardless of the amount of capital stock and surplus, may authorize any banking corporation to accept such bills to an amount not exceeding at any time in the aggregate one hundred per cent of its paid-up and unimpaired capital stock and surplus.  HISTORY: 1962 Code Section 8-132; 1952 Code Section 8-132; 1942 Code Section 7843; 1932 Code Section 7862; Civ. C. '22 Section 3992; Civ. C. '12 Section 2654; Civ. C. '02 Section 1774; R. S. 1538; 1887 (19) 860; 1913 (28) 37; 1919 (31) 41.
SC Code § 34-3-230 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-230. Directors may make and change bylaws.

 The directors of any bank may make and change bylaws, not inconsistent with law, regulating the manner in which the stock of the bank shall be transferred, its directors elected or appointed, its property transferred, its general business conducted and the privileges granted to it by law exercised and enjoyed.  HISTORY: 1962 Code Section 8-133; 1952 Code Section 8-133; 1942 Code Section 7845; 1932 Code Section 7874; Civ. C. '22 Section 4001; Civ. C. '12 Section 2663; Civ. C. '02 Section 1778; R. S. 1541; 1885 (19) 214.
SC Code § 34-3-240 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-240. Other powers of directors.

 The directors may:  (1) Appoint all necessary officers and employees of the corporation, fix their compensation and take security for the faithful discharge of their respective duties;  (2) Prescribe the manner of paying for the stock of the corporation and the transfer thereof; and  (3) Prescribe from time to time such penalties for the nonpayment of subscriptions to the capital stock of the corporation as they may deem proper.  HISTORY: 1962 Code Section 8-134; 1952 Code Section 8-134; 1942 Code Section 7845; 1932 Code Section 7874; Civ. C. '22 Section 4001; Civ. C. '12 Section 2663; Civ. C. '02 Section 1778; R. S. 1541; 1885 (19) 214.
SC Code § 34-3-250 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 3 - Banks And Banking Generally|Section 34-3-250. Association with national reserve association.

 Any bank, banking association or trust company chartered and engaged in the banking business under the laws of this State may associate itself with any national reserve association of the United States or any branch thereof under any law enacted by the Congress of the United States and may invest such part of its capital or surplus therein as may be necessary to acquire and preserve its membership in such association.  HISTORY: 1962 Code Section 8-135; 1952 Code Section 8-135; 1942 Code Section 7842; 1932 Code Section 7875; Civ. C. '22 Section 4002; 1914 (28) 588.