South Carolina § 33-39-10 - Definitions.
Full text of South Carolina South Carolina Code of Laws § 33-39-10 — Definitions., with citation guidance and answers to common questions.
§ 33-39-10. Definitions.
As used in this chapter the following words and phrases, unless differently defined or described, shall have meanings and references as follows:
(1) "Corporation" means a county business development corporation created under this chapter;
(2) "Financial institution" means any banking corporation or trust company, building and loan association, insurance company or related corporation, partnership, foundation or other institution engaged primarily in lending or investing funds;
(3) "Member" means any financial institution authorized to do business within this State which shall undertake to lend money to a corporation created under this chapter, upon its call, and in accordance with the provisions of this chapter;
(4) "Board of directors" means the board of directors of the corporation created under this chapter; and
(5) "Loan limit" means, for any member, the maximum amount permitted to be outstanding at one time on loans made by such member to the corporation as determined under the provisions of this chapter.
HISTORY: 1962 Code SECTION 12-1201; 1960 (51) 1907.
Frequently Asked Questions About South Carolina § 33-39-10
What does South Carolina Code of Laws § 33-39-10 cover?
Section 33-39-10 ("Definitions.") 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 § 33-39-10?
A common citation format is "South Carolina Code of Laws § 33-39-10" (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 § 33-39-10 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.