South Carolina § 34-3-840 - Directors and organization.
Full text of South Carolina South Carolina Code of Laws § 34-3-840 — Directors and organization., with citation guidance and answers to common questions.
§ 34-3-840. Directors and organization.
Unless otherwise elected by the shareholders of the national banking corporation or state banking corporation, the directors and officers of the national banking corporation or state banking corporation in office at the time of its dissolution shall be the directors and officers of the bank created in pursuance of this article until the first annual election of directors and officers thereafter and may take all necessary measures to perfect its organization and to adopt such bylaws and regulations concerning its business and management as may be proper and not inconsistent with law.
HISTORY: 1962 Code SECTION 8-124; 1952 Code SECTION 8-124; 1942 Code SECTION 7866; 1932 Code SECTION 7834; 1926 (34) 945; 2021 Act No. 30 (S.467), SECTION 9, eff May 6, 2021.
Effect of Amendment
2021 Act No. 30, SECTION 9, at the beginning, substituted "Unless otherwise elected by the shareholders of the national banking corporation or state banking corporation, the" for "The" and inserted "or state banking corporation" following "national banking corporation".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 34-3-840
What does South Carolina Code of Laws § 34-3-840 cover?
Section 34-3-840 ("Directors and organization.") 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 § 34-3-840?
A common citation format is "South Carolina Code of Laws § 34-3-840" (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 § 34-3-840 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.