Acceptance of own capital stock or mutual capital certificates as security prohibited.

S.C. Code Ann. § 34-30-1230
in effect
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A state savings bank may not accept its own capital stock, or that of its holding company, or its own mutual capital certificates as security for loans made by the state savings bank.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c030.phpFetched: 10/17/2026

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