§ 34-30-1340

S.C. Code Ann. § 34-30-1340

Investments in stock or bonds of Federal Home Loan Banks

Effective Jun 10, 19971997 Act No. 90, Section 1, eff June 10, 1997.

A state savings bank may invest in the stock of the Federal Home Loan Bank of which the savings bank is a member, and in bonds or other evidences of indebtedness or obligation of a Federal Home Loan Bank.

HISTORY: 1997 Act No. 90, Section 1, eff June 10, 1997.