South Carolina Legislature


Session 111 - (1995-1996)Printer Friendly
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H*4790 (Rat #0354, Act #0310 of 1996) General Bill, By  House Labor, Commerce and Industry
Similar (S 1177, H 4675)
    A Bill to amend Title 34, Code of Laws of South Carolina, 1976, relating to banking and financial institutions, by adding Chapter 25 so as to enact the "South Carolina Banking and Branching Efficiency Act of 1996" which provides the procedures and conditions under which acquisitions of South Carolina banks and South Carolina bank holding companies may be effected, under which South Carolina banks may enter into interstate merger transactions with out-of-state banks, under which the out-of-state banks resulting from such transactions may operate and maintain branches in this State, and under which South Carolina state banks may operate branches outside this State; to provide penalties for certain violations; and to repeal Chapter 24 of Title 34, relating to South Carolina Bank Holding Company Act.
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03/20/96House Introduced, read first time, placed on calendar without reference HJ-61
03/27/96House Read second time HJ-129
03/28/96House Read third time and sent to Senate HJ-16
04/02/96Senate Introduced, read first time, placed on calendar without reference SJ-18
04/03/96Senate Read second time SJ-14
04/04/96Senate Read third time and enrolled SJ-23
04/30/96 Ratified R 354
05/07/96 Became law without Governor's signature
05/07/96 Effective date 07/01/96
05/07/96 See act for exception to or explanation of effective date
05/16/96 Copies available
05/16/96 Act No. 310

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