reglab/housing_qa huggingface dataset:
SC Code § 34-30-160 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-160. Confidentiality of records; inspection and examination; release; list of members or stockholders.

 (A) The books and records of a state savings bank must be confidential and may be made available for inspection and examination only:  (1) to the board or its duly authorized representatives;  (2) to persons duly authorized to act for the state savings bank;  (3) to any federal or state instrumentality or agency authorized to inspect or examine the books and records of an insured depository institution;  (4) as compelled by a court of competent jurisdiction;  (5) as compelled by legislative subpoena as provided by law;  (6) as authorized by the board of directors of the state savings bank; or  (7) as provided in subsections (B), (C), and (D).  (B) A depositor, borrower, or stockholder has the right to inspect the books and records of a state savings bank as pertain to his loans, his accounts, or the determination of his voting rights.  (C) The books and records pertaining to the accounts, loans, and voting rights of depositors, borrowers, and stockholders must be kept confidential by the state savings bank and its directors, officers, and employees and may not be released except upon express written authorization of the account holder as to his own accounts, loans, or voting rights. However, information relating to a loan made by an association may be released without the borrower's authorization in a manner prescribed by the board of directors for the purpose of meeting the needs of commerce and for fair and accurate credit information.  (D) A member, stockholder, or other person must not have access to or be furnished or possessed of a partial or complete list of the members or stockholders except upon express action authorized by the board of directors.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-170 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-170. Establishment of branch offices; application, fee; approval or denial; corporate office.

 (A) A state savings bank may apply to the board for permission to establish a branch office. The application must be in the form prescribed by the board and accompanied by the proper branch application fee. The board shall approve or deny branch applications within one hundred twenty days of filing. Nothing in this chapter prohibits a state savings bank from establishing a corporate office or offices upon prior written notification to the board. A corporate office must be established primarily for the purpose of managing the administrative functions of the state savings bank and service corporations and must not accept deposits or issue payment for withdrawals of certificates or accounts.  (B) The board shall approve a branch application when:  (1) the applicant has evidenced financial responsibility;  (2) the applicant has sufficient net worth as determined by the board; and  (3) the applicant has an acceptable internal control system that includes certain basic internal control requirements essential to the protection of assets and the promotion of operational efficiency regardless of the size of the applicant.  (C) Upon receipt of a branch application, the board shall examine or cause to be examined all the relevant facts connected with the establishment of the proposed branch office. If it appears to the satisfaction of the board that the applicant has complied with all the requirements in this section and the regulations for the establishment of a branch office and that the state savings bank is otherwise lawfully entitled to establish the branch office, then the board shall approve the branch application.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-180 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-180. Change of office location; information, evaluation.

 The board of directors of a state savings bank may change the location of a branch office or the principal office of the state savings bank with the prior written approval of the board. The board may request, and the state savings bank must provide, information that the board determines is necessary to evaluate the request.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-190 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-190. Discontinuance of branch office operation.

 The board of a state savings bank may discontinue the operation of a branch office with the prior written approval of the board.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-200 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-200. Loan production office, opening or closing.

 A state savings bank may open or close a loan production office upon thirty days' written notice to the board.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-300 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-300. Conversion to state savings bank; application, examination, fee; conversion plan, amendment; vote, filing of results; approval.

 (A) Any association or state or national bank, upon a majority vote of its board of directors, may apply to the board for permission to convert to a state savings bank and for certification of appropriate amendments to its articles of incorporation to effect the change. Upon receipt of an application to convert to a state savings bank, the board shall examine all facts connected with the conversion. The depository institution applying for permission to convert must pay a fee established by the board.  (B) The converting depository institution must submit a plan of conversion as a part of the application to the board. The board may approve it with or without amendment. If the board approves it, the plan must be submitted to the members or stockholders as provided in subsection (C) of this section. If the board refuses to approve the plan, the objections must be stated in writing and the converting depository institution must be given an opportunity to amend the plan to obviate the objections.  (C) After lawful notice to the members or stockholders of the converting depository institution and full and fair disclosure, the substance of the plan must be approved by the affirmative vote of a majority of votes or shares present. The vote by the members or stockholders may be in person or by proxy. The results of the vote as certified by an appropriate officer of the converting depository institution must be filed with the board. The board then shall approve or disapprove the requested conversion to a state savings bank. Upon approval of the conversion, the board shall supervise and monitor the conversion process and shall ensure that the conversion is conducted lawfully and under the approved plan of conversion.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-320 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-320. Conversion to federal charter with change from stock to mutual, or mutual to stock; conversion to state charter with change from mutual to stock.

 (A) If a state charter converts to a federal charter in which the form of organization also is changed from stock to mutual, or from mutual to stock, the conversion shall proceed initially as a charter conversion under Section 34-30-310. After the state savings bank becomes a federal depository institution, the federal regulatory authority governs the continuing conversion of the form of ownership of the newly converted depository institution.  (B) If a federal charter converts to a state charter conversion in which the form of organization also is changed from mutual to stock, the conversion proceeds initially as a charter conversion under Section 34-30-300. After the federal depository institution becomes a state savings bank, Section 34-30-330 or 34-30-340 governs the continuing conversion of the form of ownership of the newly converted state savings bank.  (C) This section does not apply to the simultaneous charter and organization conversion accomplished in conjunction with a merger under Section 34-30-360.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-350 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-350. Merger of state savings banks and federal depository institutions.

 Any two or more depository institutions, when one or more is a state savings bank and one or more is a federal depository institution operating in South Carolina, may merge under either a state savings bank charter or a federal charter.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-360 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-360. Merger of stock state savings banks with banks or associations; merger plan; amendment; approval; vote.

 (A) A stock state savings bank, upon a majority vote of its board of directors, may apply to the board for permission to merge with a bank, as defined in Chapter 25, or an association, as defined in Section 34-28-30.  (B) The state savings bank shall submit a plan of merger as a part of the application to the board. The board may approve the plan of merger with or without amendment.  If the board approves it, the plan must be submitted to stockholders or members as provided in subsection (C) of this section. If the board refuses to approve the plan, the board shall state the objections in writing and give the merging state savings bank an opportunity to amend the plan to obviate the objections.  (C) After lawful notice to stockholders or members of the state savings bank and full and fair disclosure, the substance of the plan must be approved by the affirmative vote of a majority of the votes or shares present, in person or by proxy. The results of the vote as certified by an appropriate officer of the state savings bank must be filed with the board. The board then shall approve or disapprove the requested merger.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-370 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-370. Voluntary dissolution of state savings banks.

 A state savings bank may be dissolved voluntarily by a majority vote of the board of directors when substantially all of the assets have been sold for the purpose of terminating the business of the savings bank and when a certificate of dissolution is recorded in the manner required by this chapter for the recording of articles of incorporation.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-380 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-380. Resolution to dissolve and liquidate state savings banks and adopt plan of voluntary dissolution; election of liquidators; execution of plan, procedure.

 At any annual or special meeting called for the purpose of dissolution, a state savings bank, by an affirmative vote, in person or by proxy, of at least two-thirds of the total number of shares or votes that all members or stockholders of the association are entitled to cast, may resolve to dissolve and liquidate the state savings bank and adopt a plan of voluntary dissolution. Upon adoption of the resolution and plan of voluntary dissolution, the members or stockholders shall elect not more than three liquidators who shall post bond as required by the board. The liquidators shall have full power to execute the plan by the following procedure:  (1) A copy of the resolution, certified by an appropriate officer of the state savings bank, and the minutes of the meeting of members or stockholders, the plan of liquidation, and an itemized statement of the state savings bank's assets and liabilities, sworn to by a majority of its board of directors, must be filed with the board. The minutes of the meeting of members or stockholders must be certified by an appropriate officer of the association, and describe the notice given and the time of mailing, the vote on the resolution, the total number of shares or votes that all members of the state savings bank were entitled to cast, and the names of the elected liquidators.  (2) If the board finds that the proceedings comply with this chapter and that the plan of liquidation is not unfair to a person affected, the board shall attach a certificate of approval to the plan and forward one copy to the liquidators and one copy to the state savings bank's federal deposit account insurance corporation. Once the board has approved the resolution and the plan of liquidation, it is unlawful for the state savings bank to accept any additional deposit accounts or additions to deposit accounts or make any additional loans, but all its income and receipts in excess of actual expenses of liquidation of the state savings bank must be applied to the discharge of its liabilities.  (3) The liquidating state savings bank must pay a reasonable compensation, subject to the approval of the board, to the appointed liquidator.  (4) The plan is effective upon the recording of the board's certificate of approval in the manner required by this chapter for the recording of the articles of incorporation.  (5) The liquidation of the state savings bank is subject to the supervision and examination of the board.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-390 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-390. Final report and accounting of liquidation; approval of report; certificate of dissolution, recording.

 Upon completion of liquidation, the liquidator shall file with the board a final report and accounting of the liquidation. The board's approval of the report operates as a complete and final discharge of the liquidator, the board of directors, and each member or stockholder in connection with the liquidation of the state savings bank. Upon approval of the report, the board shall issue a certificate of dissolution of the state savings bank and shall record it in the manner required by this chapter for the recording of articles of incorporation. The dissolution is effective upon the recording of the certificate of dissolution.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-400 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-400. Limitations on mergers.

 No merger may be approved by the board under this Article 3:  (1) which would result in a monopoly, or which would be in furtherance of a combination or conspiracy to monopolize or to attempt to monopolize the banking business of this State; or  (2) the effect of which in this State would be substantially to lessen competition, or to tend to create a monopoly, or which in another manner would be in restraint of trade, unless it finds that the anticompetitive effects of the proposed transaction clearly are outweighed in the public interest by the probable effect of the proposed merger in meeting the purposes of this chapter or the convenience and needs of the primary service area served.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-410 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-410. Short form merger, consolidation, conversion, or combination merger and conversion.

 Notwithstanding another provision of this chapter, to protect the public, including members, depositors, or stockholders of a state savings bank, the board, upon making a finding that a state savings bank is unable to operate in a safe and sound manner, may authorize or require a short form merger, consolidation, conversion, or combination merger and conversion of the state savings bank, or another transaction.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-420 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-420. Applications for permission to organize interim state savings banks; preliminary approval.

 (A) Article 2 of this chapter does not apply to applications for permission to organize an interim state savings bank so long as the application is approved by the board.  (B) Preliminary approval of an application for permission to organize an interim state savings bank is conditional upon the board's approval of an application to merge the interim state savings bank and an existing stock state savings bank or on the board's approval of another transaction.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-510 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-510. Powers and duties of board.

 The board shall perform the duties and exercise the powers as to state savings banks organized or operated under this chapter, except as otherwise provided in this chapter.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-520 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-520. Implementation; application of State Administrative Procedures Act; cease and desist orders; suspension of directors, officers, or committee members; authorization to engage in activities of federally chartered savings banks.

 (A) The board may establish procedures to implement a provision of this chapter and to define a term not defined in the chapter so as to foster and maintain an effective level of savings bank services and the security of depositor accounts. The provisions of the State Administrative Procedures Act apply to all regulations of the board under this chapter.  (B) After ten days' notice and hearing in which the savings bank may appear, the board may issue a cease and desist order, having determined from competent and substantial evidence that a savings bank is engaged or has engaged or when the board has reasonable cause to believe the savings bank is about to engage in an unsafe or unsound practice, or is violating or has violated or the board has reasonable cause to believe is about to violate a material provision of a law, regulation, or a condition imposed in writing by the board or a written agreement made with the board.  (C) After ten days' notice and hearing in which the director, officer, or committee member may appear, the board may suspend from office and prohibit from further participation in the conduct of the affairs of a savings bank any director, officer, or committee member who has committed a violation of a law, regulation, or of a cease and desist order or who has engaged or participated in an unsafe or unsound practice in connection with the savings bank or who has committed or engaged in any act, omission, or practice which constitutes a breach of that person's fiduciary duty as any director, officer, or committee member, when the board has determined that the action or actions have resulted or will result in substantial financial loss or other damage that seriously prejudices the interests of the depositors.  (D) By issuing operational instructions, the board may authorize state savings banks to engage in activities approved for federally chartered savings banks.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.
SC Code § 34-30-530 (2021)
2021 South Carolina Code of Laws|Title 34 - Banking, Financial Institutions and Money|Chapter 30 - A State Savings Bank Charter In South Carolina|Section 34-30-530. Adoption of rules, regulations, definitions, and forms; recording or reproducing of records; printed reproductions.

 (A) The board shall adopt rules or regulations, definitions, and forms as necessary for the supervision and regulation of state savings banks and for the protection of the public investing in state savings banks.  (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:  (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.  HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.