MAR 28, 1979
Concerning if§ 34–3–50 of the Code of Laws of South Carolina (1976), which requires all active officials and employees of any State bank to be bonded, is complied with by setting aside personal negotiable securities in trust in a third-party banking institution in an amount sufficient to meet the bond requirement.
Requested by: Grady L. Patterson, Jr., Chairman, South Carolina State Board of Financial Institutions
Read Full Opinion
Back to Opinions Archive
