Any bank, banking association or trust company chartered and engaged in the banking business under the laws of this State may associate itself with any national reserve association of the United States or any branch thereof under any law enacted by the Congress of the United States and may invest such part of its capital or surplus therein as may be necessary to acquire and preserve its membership in such association. HISTORY: 1962 Code Section 8-135; 1952 Code Section 8-135; 1942 Code Section 7842; 1932 Code Section 7875; Civ. C. '22 Section 4002; 1914 (28) 588.
South Carolina Legal Code