South Carolina § 34-9-130 - Reserve requirements of state banks.

Full text of South Carolina South Carolina Code of Laws § 34-9-130 — Reserve requirements of state banks., with citation guidance and answers to common questions.

§ 34-9-130. Reserve requirements of state banks.

Every state bank which is not a member of the Federal Reserve System shall maintain the same reserves against deposits as required for a state bank which is a member of the Federal Reserve System. These reserves must be maintained in the same kind of assets as required for member banks.

HISTORY: 1962 Code SECTION 8-154; 1952 Code SECTION 8-154; 1942 Code SECTION 7844; 1932 Code SECTION 7863; Civ. C. '22 SECTION 3993; Civ. C. '12 SECTION 2655; 1909 (26) 81; 1923 (33) 159; 1933 (38) 296; 1936 (39) 1484; 1953 (48) 357; 1980 Act No. 456; 1991 Act No. 125, SECTION 1, eff June 4, 1991.

Effect of Amendment

The 1991 amendment rewrote this section.

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Source: official South Carolina text · Last verified 2026-08-27

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Frequently Asked Questions About South Carolina § 34-9-130

What does South Carolina Code of Laws § 34-9-130 cover?

Section 34-9-130 ("Reserve requirements of state banks.") 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 § 34-9-130?

A common citation format is "South Carolina Code of Laws § 34-9-130" (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 § 34-9-130 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.