South Carolina § 34-9-110 - Capital notes and debentures shall be included in capital.
Full text of South Carolina South Carolina Code of Laws § 34-9-110 — Capital notes and debentures shall be included in capital., with citation guidance and answers to common questions.
§ 34-9-110. Capital notes and debentures shall be included in capital.
The term "capital" as used in the laws of this State relating to banking shall be construed to embrace the amount of outstanding capital notes and debentures legally issued by any banking institution. The capital stock of any such banking institution may be deemed to be unimpaired when the amount of such capital notes and debentures as represented by cash or sound assets exceed the impairment as found by the Commissioner of Banking.
HISTORY: 1962 Code SECTION 8-152; 1952 Code SECTION 8-152; 1942 Code SECTION 7836; 1935 (39) 464; 1964 (53) 2058.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-9-110
What does South Carolina Code of Laws § 34-9-110 cover?
Section 34-9-110 ("Capital notes and debentures shall be included in capital.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 34-9-110?
A common citation format is "South Carolina Code of Laws § 34-9-110" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 34-9-110 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.