# S.C. Code Ann. § 34-28-320: SECTION 34-28-320. Acts requiring prior approval of federal authorities

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T34_C28_A4_S34-28-320

## Section

- **Citation:** S.C. Code Ann. § 34-28-320
- **Heading:** SECTION 34-28-320. Acts requiring prior approval of federal authorities
- **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 34-28-320

## Text

With the prior approval of the Federal Home Loan Bank Board and other applicable federal authorities in accordance with their approval authority over the transaction and without the necessary approval of the Board except for the requirements under Section 34-28-340(b): (1) A South Carolina federal association may acquire a Southern Region association; and (2) A Southern Region association may acquire a South Carolina federal association.

## 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_S34-28-320. Check the current official text before relying on it. Not legal advice.