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S.C. Code § 34-30-370

Voluntary dissolution of state savings banks

South Carolina · South Carolina Code Title 34, Chapter 30 — State Savings Bank · Status: effective

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S.C. Code § 34-30-370, Voluntary dissolution of state savings banks, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1577589
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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.