South Carolina § 34-28-310 - Act requiring prior approval of the board.
Full text of South Carolina South Carolina Code of Laws § 34-28-310 — Act requiring prior approval of the board., with citation guidance and answers to common questions.
§ 34-28-310. Act requiring prior approval of the board.
With the prior approval of the board in accordance with Section 34-28-340(a) and (b) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:
(1) A company may become a South Carolina savings and loan holding company;
(2) A South Carolina savings and loan holding company may acquire a South Carolina association or another South Carolina savings and loan holding company;
(3) A South Carolina savings and loan holding company may acquire a Southern Region association or a Southern Region savings and loan holding company;
(4) A South Carolina savings and loan holding company may acquire an association and savings and loan holding company having association offices which are located outside of the Southern Region as is authorized under Section 34-28-350(1);
(5) A Southern Region savings and loan holding company may acquire a Southern Region savings and loan holding company having a South Carolina association subsidiary;
(6) A South Carolina state association may acquire a Southern Region association;
(7) A Southern Region association may acquire a South Carolina state association;
(8) A Southern Region savings and loan holding company may acquire a South Carolina association or a South Carolina savings and loan holding company.
HISTORY: 1985 Act No. 124, SECTION 1; 1990 Act No. 504, SECTION 1, eff May 30, 1990.
Effect of Amendment
The 1990 amendment added item (8) permitting a Southern Region savings and loan holding company to acquire a South Carolina association or savings and loan holding company.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-28-310
What does South Carolina Code of Laws § 34-28-310 cover?
Section 34-28-310 ("Act requiring prior approval of the board.") 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 § 34-28-310?
A common citation format is "South Carolina Code of Laws § 34-28-310" (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 § 34-28-310 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.