Acceptance of security for loans; pledges, assignments, hypothecation, or mortgages.

S.C. Code Ann. § 34-26-1360
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The corporate credit union may require and accept security for loans to a member in the form of a pledge, assignment, hypothecation, or mortgage of any assets of the member or a guarantor.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c026.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements