The Board may supervise all banks and building and loan associations and provide regulations and instructions for the direction, control and protection of all such institutions, the conservation of their assets and the liquidation thereof, as may be necessary or proper to effectuate the purposes of this Title.
S.C. Code Ann. § 34-1-60
Powers
Applied in 1 court decision — leading case Peoples Federal Savings & Loan Ass'n v. Edwards (1985)
Most recently applied in Peoples Federal Savings & Loan Ass'n v. Edwards (August 1985)
1962 Code SECTION 8-56; 1952 Code SECTION 8-56; 1942 Code SECTIONS 7829-1, 7830; 1936 (39) 1484; 1937 (40) 218; 1950 (46) 2362; 1951 (47) 783.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.