February 2, 1996

Opinion referencing another dated February 11, 1970, in light of numerous changes in federal and state law since that time, which addressed the issue of whether “loan production offices” are regarded as “branch banks” for purposes of the South Carolina banking code. This opinion has been requested to inquire and confirm that the conclusion reached in the aforementioned opinion is no longer applicable.

Requested by: The Honorable John E. Courson, Senator, District No. 20

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