SC S0612 | 2021-2022 | 124th General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 25 2021 - 25% progression, died in committee
Action: 2021-02-25 - Referred to Committee on Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amend Section 34-3-850 Of The 1976 Code, Relating To The Consolidation Or Merger Of Banks And Trust Companies, To Provide That Certain Banks Or Trust Companies May Merge Or Consolidate With, Or Sell Or Transfer Assets And Liabilities To, A South Carolina-headquartered State Or Federally Chartered Credit Union; To Amend Section 34-28-230(1) Of The 1976 Code, Relating To The Power To Reorganize, Merge, Consolidate, Or Sell Assets Out Of The Ordinary Course Of Business, To Provide That An Association May Reorganize, Merge, Or Consolidate Into A South Carolina-headquartered State Or Federally Chartered Credit Union; To Amend Section 34-30-350 Of The 1976 Code, Relating To The Merger Of State Savings Banks And Federal Depository Institutions, To Provide That A South Carolina-headquartered State Or Federally Chartered Credit Union May Merge With Certain Depository Institutions Under A State Savings Bank Charter Or A Federal Charter; And To Amend Section 34-30-360(a) Of The 1976 Code, Relating To The Merger Of Stock State Savings Banks With Banks Or Associations, To Provide That A Stock State Savings Bank May Apply To Merge With A South Carolina-headquartered State Or Federally Chartered Credit Union.

Tracking Information

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Title

Banks, consolidation and mergers

Sponsors


History

DateChamberAction
2021-02-25SenateReferred to Committee on Banking and Insurance
2021-02-25SenateIntroduced and read first time

Code Citations

ChapterArticleSectionCitation TypeStatute Text
3428230(n/a)See Bill Text
343850(n/a)See Bill Text
3430350(n/a)See Bill Text
3430360(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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