Nothing contained in this chapter shall be construed to prevent the Board from appointing the Federal Deposit Insurance Corporation conservator or receiver of any closed bank and the Board may in its discretion so appoint the Federal Deposit Insurance Corporation as conservator or receiver of any closed bank as provided for under the terms of Section 264, Title 12, United States Code Annotated (49 Statute 684) and the provisions of Section 34-3-630. HISTORY: 1962 Code Section 8-283; 1952 Code Section 8-283; 1942 Code Section 7829-8; 1936 (39) 1484.
South Carolina Legal Code