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S.C. Code Ann. § 34-13-80

Limitations on loans to directors and officers

1962 Code SECTION 8-228; 1952 Code SECTION 8-228; 1942 Code SECTION 7858; 1932 Code SECTION 7872; Civ

Directors and officers of any bank incorporated under the laws of this State, members of their families, and entities with which they are associated, may borrow or obtain credit from the bank in the same manner and under the same terms and conditions that directors and officers, members of their families, and entities with which they are associated, of any national bank are permitted to borrow or obtain credit from the national bank as provided by law.

Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.