South Carolina § 34-25-40 - Application.
Full text of South Carolina South Carolina Code of Laws § 34-25-40 — Application., with citation guidance and answers to common questions.
§ 34-25-40. Application.
(a) A company that proposes to make an acquisition under this article shall:
(1) file with the board a copy of the notice or application that such company has filed with the responsible federal bank supervisory agency, together with such additional information as the board may prescribe; and
(2) pay to the board the application fee, if any, prescribed by the board.
(b) To the extent consistent with the effective discharge of the board's responsibilities, the forms established under this article for application and reporting shall conform to those established by the Board of Governors of the Federal Reserve System under the Bank Holding Company Act.
(c) In connection with an application received under this article, the board shall:
(1) require that prior notice of the application be published once in a daily newspaper of general circulation in South Carolina and provide an opportunity for public comment; and
(2) make the application available for public inspection to the extent required or permitted under applicable state or federal law.
(d) If the applicant is an out-of-state bank holding company that is not incorporated under the laws of this State, it shall submit with the application proof that the applicant has complied with applicable requirements of Section 33-15-101(a), or if not subject to Section 33-15-101(a), has appointed an agent for service of process in the State of South Carolina.
HISTORY: 1996 Act No. 310, SECTION 2, eff July 1, 1996.
Frequently Asked Questions About South Carolina § 34-25-40
What does South Carolina Code of Laws § 34-25-40 cover?
Section 34-25-40 ("Application.") 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 § 34-25-40?
A common citation format is "South Carolina Code of Laws § 34-25-40" (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 § 34-25-40 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.