APR 12, 1984
Where a school board has one or more of its members who are also officers and principal stockholders in a bank within the school district; bank is the only banking institution in the particular school district and substantially all, if not completely all, of the monies of the school district are deposited in the local bank, and whether there are any ethical problems with such arrangement.
Requested by: W. Robert Owens, Jr., Esquire, Otter, Sullivan and Hermeston, Anderson, SC.
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