After the issuance of such certificate by the Secretary of State and the payment to him of the same fees as would be payable for the incorporation of a bank under the laws of this State with a similar capital stock, the corporate existence of such bank as a state bank shall begin as soon as its dissolution as a national banking corporation or state banking corporation becomes effective. HISTORY: 1962 Code Section 8-122; 1952 Code Section 8-122; 1942 Code Section 7866; 1932 Code Section 7834; 1926 (34) 945; 2021 Act No. 30 (S.467), Section 7, eff May 6, 2021.
South Carolina Legal Code