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S.C. Code § 34-3-250

Association with national reserve association

South Carolina · South Carolina Code Title 34, Chapter 3 — Banks and Banking Generally · Status: effective

Banking, Finance & Insurance
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S.C. Code § 34-3-250, Association with national reserve association, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1577181
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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.