# S.C. Code Ann. § 34-28-310: SECTION 34-28-310. Act requiring prior approval of the board

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-310

## Section

- **Citation:** S.C. Code Ann. § 34-28-310
- **Heading:** SECTION 34-28-310. Act requiring prior approval of the board
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 34 / Chapter 28 / Article 4 / Section 34-28-310

## Text

With the prior approval of the board in accordance with Section 34-28-340(a) and (b) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction: (1) A company may become a South Carolina savings and loan holding company; (2) A South Carolina savings and loan holding company may acquire a South Carolina association or another South Carolina savings and loan holding company; (3) A South Carolina savings and loan holding company may acquire a Southern Region association or a Southern Region savings and loan holding company; (4) A South Carolina savings and loan holding company may acquire an association and savings and loan holding company having association offices which are located outside of the Southern Region as is authorized under Section 34-28-350(1); (5) A Southern Region savings and loan holding company may acquire a Southern Region savings and loan holding company having a South Carolina association subsidiary; (6) A South Carolina state association may acquire a Southern Region association; (7) A Southern Region association may acquire a South Carolina state association; (8) A Southern Region savings and loan holding company may acquire a South Carolina association or a South Carolina savings and loan holding company. Effect of Amendment The 1990 amendment added item (8) permitting a Southern Region savings and loan holding company to acquire a South Carolina association or savings and loan holding company.

## Nearby sections

- [S.C. Code Ann. § 34-28-300 SECTION 34-28-300. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-300.md)
- [S.C. Code Ann. § 34-28-310 SECTION 34-28-310. Act requiring prior approval of the board.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-310.md)
- [S.C. Code Ann. § 34-28-320 SECTION 34-28-320. Acts requiring prior approval of federal authorities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-320.md)
- [S.C. Code Ann. § 34-28-330 SECTION 34-28-330. Savings and loan holding company acquisitions not requiring prior approval.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-330.md)
- [S.C. Code Ann. § 34-28-340 SECTION 34-28-340. Applications to the board for approval.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-340.md)
- [S.C. Code Ann. § 34-28-350 SECTION 34-28-350. Permissible nondisqualified acquisitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-350.md)
- [S.C. Code Ann. § 34-28-360 SECTION 34-28-360. Prohibited acquisitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-360.md)
- [S.C. Code Ann. § 34-28-370 SECTION 34-28-370. Person acquiring a South Carolina association or savings and loan holding company is subject to South Carolina laws.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-370.md)
- [S.C. Code Ann. § 34-28-380 SECTION 34-28-380. Registration of association; reports; regulations.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-380.md)
- [S.C. Code Ann. § 34-28-390 SECTION 34-28-390. Penalties and remedies.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-390.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-310. Check the current official text before relying on it. Not legal advice.