South Carolina General Assembly
126th Session, 2025-2026
Download This Bill in Microsoft Word Format
Indicates Matter Stricken
Indicates New Matter
S. 410
STATUS INFORMATION
Joint Resolution
Sponsors: Banking and Insurance Committee
Document Path: LC-0330WAB-RT25.docx
Introduced in the Senate on March 4, 2025
Currently residing in the Senate Committee on Banking and Insurance
HISTORY OF LEGISLATIVE ACTIONS
| Date | Body | Action Description with journal page number |
|---|---|---|
| 3/4/2025 | Senate | Introduced, read first time, placed on calendar without reference (Senate Journal-page 8) |
| 3/27/2025 | Senate | Recommitted to Committee on Banking and Insurance (Senate Journal-page 15) |
View the latest legislative information at the website
VERSIONS OF THIS BILL
Introduced
March 4, 2025
S. 410
Introduced by Senate Banking and Insurance Committee
S. Printed 3/4/25--S.
Read the first time March 4, 2025
________
A JOINT RESOLUTION
TO APPROVE REGULATIONS OF THE State Board of Financial Institutions, RELATING TO State Bank Dividends, DESIGNATED AS REGULATION DOCUMENT NUMBER 5292, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE SOUTH CAROLINA CODE OF LAWS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The regulations of the State Board of Financial Institutions, relating to State Bank Dividends, designated as Regulation Document Number 5292, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the S.C. Code, are approved.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
----XXX----
SUMMARY AS SUBMITTED
BY PROMULGATING AGENCY.
The State Board of Financial Institutions (BOFI) proposes to amend Regulation 15-4 in order to provide greater flexibility for sound institutions and broaden application of the regulation to include savings banks and savings and loan associations.
The Notice of Drafting was published in the State Register on June 28, 2024. The Proposed Regulation was published in the State Register on August 23, 2024.
----XX----
This web page was last updated on March 27, 2025 at 3:22 PM