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SC S0410

Joint Resolution

Official Source

Status

Introduced

3/4/2025

Primary Sponsor

Banking and Insurance

Click for details

Origin

Senate

126th General Assembly

AI Summary

  • Approves Regulation Document Number 5292 from the State Board of Financial Institutions regarding state bank dividends

  • Amends Regulation 15-4 to provide greater flexibility for financially sound institutions in dividend distribution

  • Expands the regulation's scope to include savings banks and savings and loan associations, in addition to state banks

  • Takes effect upon approval by the Governor

Legislative Description

JR to Approve Reg. Doc. 5292

Last Action

Recommitted to Committee on Banking and Insurance

3/27/2025

Committee Referrals

Banking and Insurance3/27/2025

Full Bill Text

No bill text available