Failure of examination to disclose complete financial condition; audit of examination; revaluation of assets or liabilities; expenses.
S.C. Code Ann. § 34-30-560
in effect(A) If, in the opinion of the board, an examination conducted under Section 34-30-550 fails to disclose the complete financial condition of a state savings bank, the board, in order to ascertain its complete financial condition, may make an extended: (1) audit of examination of the state savings bank or cause an audit or examination to be made by an independent auditor at the expense of the state savings bank; and (2) revaluation of the assets or liabilities of the state savings bank or cause an independent appraiser to make a revaluation at the expense of the state savings bank. (B) The board may collect from the state savings bank a reasonable sum for actual or necessary expenses of revaluation or audit of examination.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c030.phpFetched: 10/17/2026