South Carolina General Assembly
110th Session, 1993-1994

Bill 4576


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Introducing Body:               House
Bill Number:                    4576
Primary Sponsor:                McLeod
Committee Number:               02
Type of Legislation:            GB
Subject:                        Real estate mortgage,
                                investment of bank
Residing Body:                  Senate
Current Committee:              Banking and Insurance
Computer Document Number:       PT/22364DW.94
Introduced Date:                19940119
Last History Body:              Senate
Last History Date:              19940505
Last History Type:              Introduced, read first time,
                                referred to Committee
Scope of Legislation:           Statewide
All Sponsors:                   McLeod
                                Littlejohn
Type of Legislation:            General Bill



History


Bill  Body    Date          Action Description              CMN  Leg Involved
____  ______  ____________  ______________________________  ___  ____________

4576  Senate  19940505      Introduced, read first time,    02
                            referred to Committee
4576  House   19940505      Read third time, sent to
                            Senate
4576  House   19940504      Read second time
4576  House   19940420      Committee Report: Favorable     26
4576  House   19940119      Introduced, read first time,    26
                            referred to Committee

View additional legislative information at the LPITS web site.


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

COMMITTEE REPORT

April 20, 1994

H. 4576

Introduced by REPS. McLeod and Littlejohn

S. Printed 4/20/94--H.

Read the first time January 19, 1994.

THE COMMITTEE ON

LABOR, COMMERCE AND INDUSTRY

To whom was referred a Bill (H. 4576), to repeal Section 34-13-130, Code of Laws of South Carolina, 1976, relating to the maximum investment of a Banking Corporation in real estate mortgages, etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass:

THOMAS C. ALEXANDER, for Committee.

A BILL

TO REPEAL SECTION 34-13-130, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE MAXIMUM INVESTMENT OF A BANKING CORPORATION IN REAL ESTATE MORTGAGES.

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

SECTION 1. Section 34-13-130 of the 1976 Code is repealed.

SECTION 2. This act takes effect upon approval by the Governor.

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