Current Status Bill Number:3560 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19950209 Primary Sponsor:Cato All Sponsors:Cato and Shissias Drafted Document Number:GJK\21335SD.95 Residing Body:House Current Committee:Labor, Commerce and Industry Committee 26 HLCI Subject:Banks, reports of assets
Body Date Action Description Com Leg Involved
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House 19950209 Introduced, read first time, 26 HLCI
referred to Committee
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TO REPEAL SECTIONS 34-3-380 THROUGH 34-3-420, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENT THAT CERTAIN BANKING INSTITUTIONS OF THIS STATE OR OTHER INSTITUTIONS ENGAGED IN THE BUSINESS OF LENDING MONEY AND RECEIVING DEPOSITS UNDER AUTHORITY GRANTED BY THE STATE MUST PUBLISH REPORTS OF CONDITION OR STATEMENTS OF ASSETS AND LIABILITIES IN NEWSPAPERS OF GENERAL CIRCULATION IN THE COUNTY WHERE THE INSTITUTION WAS ESTABLISHED AND MUST FORWARD COPIES THEREOF TO THE STATE BOARD OF FINANCIAL INSTITUTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Sections 34-3-380 through 34-3-420 of the 1976 Code are repealed.
SECTION 2. This act takes effect upon approval by the Governor.