SC S0411

Approves Regulation Document Number 5283 from the State Board of Financial Institutions relating to "Authority to Engage in Activities Authorized for Federally Chartered Institutions"

Repeals Regulation 15-42 because it references repealed sections of the South Carolina Code

Removes conflicting language with existing statutory branching provisions

Addresses credit union trust powers, which are now covered under Section 34-26-940 of the South Carolina Code

Takes effect upon approval by the Governor