South Carolina General Assembly126th Session, 2025-2026
Bill 3914
Indicates Matter StrickenIndicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 62-6-101, RELATING TO DEFINITIONS, SO AS TO INCLUDE PATRONAGE CAPITAL ACCOUNTS OF AN ELECTRIC COOPERATIVE OR A TELEPHONE COOPERATIVE. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. Section 62-6-101(1) of the S.C. Code is amended to read: (1) "Account" means: (a) a contract of deposit between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangements; or (b) a patronage capital account of an electric cooperative or a telephone cooperative pursuant to Sections 33-49-460 and 33-46-460. SECTION 2. This act takes effect on July 1, 2025. ----XX----
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 62-6-101, RELATING TO DEFINITIONS, SO AS TO INCLUDE PATRONAGE CAPITAL ACCOUNTS OF AN ELECTRIC COOPERATIVE OR A TELEPHONE COOPERATIVE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 62-6-101(1) of the S.C. Code is amended to read:
(1) "Account" means:
(a) a contract of deposit between a depositor and a financial institution, and includes a checking account, savings account, certificate of deposit, share account, and other like arrangements; or
(b) a patronage capital account of an electric cooperative or a telephone cooperative pursuant to Sections 33-49-460 and 33-46-460.
SECTION 2. This act takes effect on July 1, 2025.
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