A state savings bank may invest in certificates of deposit, time-insured deposits, savings accounts, demand deposits, or withdrawable accounts of any banks, associations, credit unions, or state savings banks as are approved by the board of directors of the savings bank.
S.C. Code Ann. § 34-30-1350
Investments in certificates of deposit, time-insured deposits, savings accounts, demand deposits, or withdrawable accounts
1997 Act No. 90, SECTION 1, eff June 10, 1997.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.