South Carolina § 34-13-80 - Limitations on loans to directors and officers.
Full text of South Carolina South Carolina Code of Laws § 34-13-80 — Limitations on loans to directors and officers., with citation guidance and answers to common questions.
§ 34-13-80. Limitations on loans to directors and officers.
Directors and officers of any bank incorporated under the laws of this State, members of their families, and entities with which they are associated, may borrow or obtain credit from the bank in the same manner and under the same terms and conditions that directors and officers, members of their families, and entities with which they are associated, of any national bank are permitted to borrow or obtain credit from the national bank as provided by law.
HISTORY: 1962 Code SECTION 8-228; 1952 Code SECTION 8-228; 1942 Code SECTION 7858; 1932 Code SECTION 7872; Civ. C. '22 SECTION 4000; Civ. C. '12 SECTION 2662; Civ. C. '02 SECTION 1777; R. S. 1540; 1885 (19) 212; 1897 (22) 463; 1914 (28) 487; 1918 (30) 880; 1923 (33) 161; 1962 (52) 1716; 1971 (57) 108; 1975 (59) 142; 1975 (59) 586; 1980 Act No. 304, SECTION 1; 1984 Act No. 391, SECTION 1; 1990 Act No. 378, SECTION 1, eff March 19, 1990.
Effect of Amendment
The 1990 amendment revised this section.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-13-80
What does South Carolina Code of Laws § 34-13-80 cover?
Section 34-13-80 ("Limitations on loans to directors and officers.") 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 § 34-13-80?
A common citation format is "South Carolina Code of Laws § 34-13-80" (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 § 34-13-80 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.