South Carolina § 34-26-420 - Powers incidental to purpose of credit union; limitations.
Full text of South Carolina South Carolina Code of Laws § 34-26-420 — Powers incidental to purpose of credit union; limitations., with citation guidance and answers to common questions.
§ 34-26-420. Powers incidental to purpose of credit union; limitations.
A credit union may exercise incidental powers to enable it to carry out its purposes. However, the powers granted by state law or regulation to a state-chartered credit union shall not exceed those provided by federal law to a federally chartered credit union.
HISTORY: 1996 Act No. 371, SECTION 1, eff May 29, 1996; 2007 Act No. 51, SECTION 3, eff upon approval (became law without the Governor's signature on June 7, 2007).
Effect of Amendment
The 2007 amendment at the end of the second sentence substituted "to a federally chartered credit union" for "or regulation".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-26-420
What does South Carolina Code of Laws § 34-26-420 cover?
Section 34-26-420 ("Powers incidental to purpose of credit union; limitations.") 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 § 34-26-420?
A common citation format is "South Carolina Code of Laws § 34-26-420" (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 § 34-26-420 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.