Minimum capital requirements.

S.C. Code Ann. § 34-9-40
in effect
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Every banking company or corporation hereafter organized shall have a minimum capital in the amount required by the State Board of Financial Institutions. In determining the minimum amount the State Board of Financial Institutions shall give due consideration to the location of the proposed bank, the proposed bank's business plan, and the economic environment in which the proposed bank will operate. Effect of Amendment 2021 Act No. 30, SECTION 11, rewrote the section.
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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