South Carolina General Assembly
106th Session, 1985-1986

Bill 2337

                    Current Status

Bill Number:               2337
Ratification Number:       314
Act Number:                311
Introducing Body:          House
Subject:                   Authorizing the State Board of Financial
                           Institutions to examine the Business
                           Development Corporation of South
                           Carolina
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A311, R314, H2337)

AN ACT TO AMEND SECTION 34-1-80, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE BOARD OF FINANCIAL INSTITUTIONS, SO AS TO PERMIT THE BOARD TO EXAMINE THE BUSINESS DEVELOPMENT CORPORATION OF SOUTH CAROLINA.

Be it enacted by the General Assembly of the State of South Carolina:

Examining department

SECTION 1. Section 34-1-80 of the 1976 Code is amended to read: "Section 34-1-80. The Board shall set up an examining department, appointing a Commissioner of Banking in charge with assistants, to be appointed by him subject to the consent of the Board, as necessary to perform the duties incidental to the work of the Board. The term of office of the Commissioner of Banking and his assistants is at the pleasure of the Board. The Board may also examine the Business Development Corporation of South Carolina."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.