South Carolina § 34-3-420 - Statement shall be sent to Board; failure to report.
Full text of South Carolina South Carolina Code of Laws § 34-3-420 — Statement shall be sent to Board; failure to report., with citation guidance and answers to common questions.
§ 34-3-420. Statement shall be sent to Board; failure to report.
The statements referred to in Section 34-3-380 shall be sent to the State Board of Financial Institutions within thirty days of the statement date requested and shall be in such form as may be required by the board. Any bank which fails to report within the time given, without excuse given to the board, shall be subject to a fine of ten dollars a day for each day's delay, collectible by the board in any court of competent jurisdiction.
HISTORY: 1962 Code SECTION 8-263; 1952 Code SECTION 8-263; 1942 Code SECTION 7862; 1932 Code SECTION 7860; Civ. C. '22 SECTION 3990; Civ. C. '12 SECTIONS 2651, 2652; 1909 (26) 91; 1913 (28) 65; 1919 (31) 48; 1933 (38) 296; 1936 (39) 1484; 1943 (43) 167; 1995 Act No. 116, SECTION 2, eff (became law without the Governor's signature on June 13, 1995).
Effect of Amendment
The 1995 amendment revised the date the reports must be submitted, deleted the reference to SECTION 34-3-400, and substituted "State Board of Financial Institutions" for "State Board of Bank Control".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-3-420
What does South Carolina Code of Laws § 34-3-420 cover?
Section 34-3-420 ("Statement shall be sent to Board; failure to report.") 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 § 34-3-420?
A common citation format is "South Carolina Code of Laws § 34-3-420" (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 § 34-3-420 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.