§ 34-5-70

S.C. Code Ann. § 34-5-70

Withdrawal of deposits and payment of creditors

1962 Code SECTION 8-287; 1952 Code SECTION 8-287; 1942 Code SECTION 7829-7; 1936 (39) 1484.

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While such bank is in the hands of a conservator the Board may require the conservator to set aside and make available for withdrawal by depositors and payment to other creditors, on a ratable basis, such amounts as in the opinion of the Board may safely be used for this purpose.

HISTORY: 1962 Code SECTION 8-287; 1952 Code SECTION 8-287; 1942 Code SECTION 7829-7; 1936 (39) 1484.