South Carolina General Assembly
112th Session, 1997-1998

Bill 1179

                    Current Status

Bill Number:                    1179
Ratification Number:            430
Act Number:                     414
Type of Legislation:            General Bill GB
Introducing Body:               Senate
Introduced Date:                19980408
Primary Sponsor:                Drummond 
All Sponsors:                   Drummond 
Drafted Document Number:        res1562.jd
Date Bill Passed both Bodies:   19980603
Governor's Action:              S
Date of Governor's Action:      19980609
Subject:                        Carolina Capital Investment
                                Corporation, Banking Examiner to
                                examine; Consumer Affairs, Banks and
                                Savings, Loans
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19980630  Act No. A414
------  19980609  Signed by Governor
------  19980604  Ratified R430
House   19980603  Read third time, enrolled for
                  ratification
House   19980602  Read second time
House   19980527  Committee report: Favorable              26 HLCI
House   19980505  Introduced, read first time,             26 HLCI
                  referred to Committee
Senate  19980430  Read third time, sent to House
Senate  19980429  Read second time
Senate  19980408  Introduced, read first time,
                  placed on Calendar without reference
View additional legislative information at the LPITS web site.

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

(A414, R430, S1179)

AN ACT TO AMEND SECTION 34-1-80, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE AUTHORITY OF THE COMMISSIONER OF BANKING TO EXAMINE CERTAIN INSTITUTIONS, SO AS TO AUTHORIZE EXAMINATION OF THE CAROLINA CAPITAL INVESTMENT CORPORATION.

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

Examining department created

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 and Carolina Capital Investment Corporation.

Time effective

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

Approved the 9th day of June, 1998.