Preferred stock shall be included in capital.

S.C. Code Ann. § 34-9-90
in effect
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Any preferred stock lawfully issued by a banking institution organized under the laws of this State shall be included in determining whether such banking institution has complied with the minimum capital stock requirements provided by law for banking institutions in this State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c009.phpFetched: 10/17/2026

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