A joint resolution to approve new regulations for state bank dividends by the South Carolina State Board of Financial Institutions.

This bill approves the regulations of the State Board of Financial Institutions concerning state bank dividends, designated as Regulation Document Number 5292. The regulations aim to provide greater flexibility for sound institutions and expand the regulation's application to include savings banks and savings and loan associations. The proposed changes were published in the State Register on August 23, 2024, and the resolution takes effect upon approval by the Governor.

A joint resolution to approve new regulations for state bank dividends by the South Carolina State Board of Financial Institutions.

This bill approves the regulations of the State Board of Financial Institutions concerning state bank dividends, designated as Regulation Document Number 5292. The regulations aim to provide greater flexibility for sound institutions and expand the regulation's application to include savings banks and savings and loan associations. The proposed changes were published in the State Register on August 23, 2024, and the resolution takes effect upon approval by the Governor.