South Carolina § 34-3-520 - Regulations classifying records.
Full text of South Carolina South Carolina Code of Laws § 34-3-520 — Regulations classifying records., with citation guidance and answers to common questions.
§ 34-3-520. Regulations classifying records.
The State Board of Bank Control shall from time to time issue regulations classifying all records kept by banks and prescribing the period for which records of each class shall be retained. The periods may be permanent or for a lesser term of years. The regulations may from time to time be amended or repealed. Prior to issuing any such regulation, the Board shall consider:
(1) Actions at law and administrative proceedings in which the production of bank records might be necessary or desirable;
(2) State and Federal statutes of limitation applicable to such actions or proceedings;
(3) The availability of information contained in bank records from other sources; and
(4) Such other matters as the Board shall deem pertinent, in order that its regulations will require banks to retain their records for as short a period as is commensurate with the interests of bank customers and shareholders and of the people of this State in having bank records available.
HISTORY: 1962 Code SECTION 8-266; 1960 (51) 1673.
Frequently Asked Questions About South Carolina § 34-3-520
What does South Carolina Code of Laws § 34-3-520 cover?
Section 34-3-520 ("Regulations classifying records.") 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 § 34-3-520?
A common citation format is "South Carolina Code of Laws § 34-3-520" (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 § 34-3-520 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.