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S.C. Code § 34-30-410

Short form merger, consolidation, conversion, or combination merger and conversion

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

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S.C. Code § 34-30-410, Short form merger, consolidation, conversion, or combination merger and conversion, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1577593
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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.