While such bank is in the hands of a conservator the Board may require the conservator to set aside and make available for withdrawal by depositors and payment to other creditors, on a ratable basis, such amounts as in the opinion of the Board may safely be used for this purpose.
S.C. Code Ann. § 34-5-70
Withdrawal of deposits and payment of creditors
1962 Code SECTION 8-287; 1952 Code SECTION 8-287; 1942 Code SECTION 7829-7; 1936 (39) 1484.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.