Voluntary dissolution of state savings banks.

S.C. Code Ann. § 34-30-370
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A state savings bank may be dissolved voluntarily by a majority vote of the board of directors when substantially all of the assets have been sold for the purpose of terminating the business of the savings bank and when a certificate of dissolution is recorded in the manner required by this chapter for the recording of articles of incorporation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t34c030.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements