Can you summarize SCSR Section 15-29?
(Statutory Authority: 1976 Code 34-1-110) Loans to officers and directors of a state bank shall be approved by two-thirds vote of the whole board of directors of the bank within ninety (90) days of the date of the note or any subsequent renewals thereof.
Can you summarize SCSR Section 15-36?
(Statutory Authority: 1976 Code 34-1-110) State-chartered savings and loan associations are authorized to issue credit cards under the same terms and conditions as permitted federally chartered savings and loan associations by Section 545.4-3 of the Federal Home Loan Bank Board adopted by the Board on July 3, 1980, effective July 10, 1980, as amended by Federal Home Loan Bank Board Regulation 563.43 adopted November 26, 1980, and effective the same date.
Can you summarize SCSR Section 28-70?
This legal document, part of the South Carolina Code of State Regulations, pertains to creditors making consumer credit sales, supervised loans, or restricted loans in the state. It requires such creditors to file a rate schedule with the Department of Consumer Affairs and post a maximum rate schedule in every place of business where consumer credit sales, supervised loans, or restricted loans are offered. The posted rate schedule must be issued by the Department of Consumer Affairs and should not suggest or imply approval by any government agency.
Can you summarize Tex. Bus. & Com. Chapter 116?
The provided legal document content governs the fees for certain payment methods. It applies to persons who make payments to payees. According to the document, a person making a payment to a payee is prohibited from charging an additional fee to the payee if the payee chooses to receive the payment by paper check instead of through an automated clearinghouse transaction or other electronic funds transfer. Any provision in a contract that allows a person to charge or collect a fee from a payee in violation of this prohibition is considered void and unenforceable.
Can you summarize Tex. Bus. & Com. Chapter 24?
The provided legal document content pertains to the Uniform Fraudulent Transfer Act under the Texas Statutes, specifically the Business and Commerce Code. This act governs fraudulent transfers and fraud in relation to insolvency. It defines various terms such as ‘affiliate’, ‘asset’, ‘claim’, ‘creditor’, ‘debt’, ‘debtor’, ‘insider’, ’lien’, ‘person’, ‘property’, ‘relative’, and ’transfer’. The Act applies to debtors, creditors, affiliates, insiders, and managing agents. It establishes rules regarding the treatment of assets, claims, and liabilities in cases of fraudulent transfers.
Can you summarize Tex. Bus. & Com. Chapter 2A?
The provided legal document content pertains to the formation and construction of lease contracts under the Uniform Commercial Code (UCC). It outlines the conditions that must be met for a lease contract to be enforceable, including total payments under the lease contract and the existence of a writing signed by the party against whom enforcement is sought. The document also provides exceptions to these requirements. It further discusses the ability to modify lease contracts, the extension of benefits to lessees under finance leases, and the creation and interpretation of warranties in lease contracts.
Can you summarize Tex. Bus. & Com. Chapter 4?
The provided legal document is a chapter of the Texas Statutes’ Business and Commerce Code, specifically under the Uniform Commercial Code section on Bank Deposits and Collections. It governs the liability of a bank for its actions or non-actions regarding items handled for presentment, payment, or collection. The document specifies that if there is a conflict between this chapter and Chapters 3 and 8, this chapter governs Chapter 3, but Chapter 8 governs this chapter.
Can you summarize Tex. Bus. & Com. Chapter 4A?
These legal documents, part of the Texas Statutes under the Business and Commerce Code, specifically fall under the UNIFORM COMMERCIAL CODE section related to funds transfers. They govern the issuance, acceptance, and execution of payment orders in funds transfers. The documents define terms such as ‘payment order,’ ‘beneficiary,’ ‘beneficiary’s bank,’ ‘receiving bank,’ and ‘sender.’ They clarify that a payment order is an instruction from a sender to a receiving bank to pay a fixed amount to a beneficiary, and it can be transmitted orally, electronically, or in writing.
Can you summarize Tex. Bus. & Com. Chapter 5?
This legal document governs the use and operation of letters of credit under the Uniform Commercial Code. It defines various terms related to letters of credit and provides definitions from other chapters of the code that apply to this chapter. The document clarifies the requirements for presenting a document and explains the concept of honor and the obligations of the issuer. It also defines the roles and responsibilities of nominated persons and presenters.
Can you summarize Tex. Bus. & Com. Chapter 521?
The provided legal document content is a chapter of the Texas Statutes, specifically under the Business and Commerce Code, governing the unauthorized use of personal identifying information. It defines ‘personal identifying information’ and ‘sensitive personal information’ and outlines the obligations for breach notification, unauthorized use or possession of personal identifying information, and implementation of reasonable procedures to protect sensitive personal information. The document also covers the issuance of court orders declaring individuals as victims of identity theft, the confidentiality of court orders, and civil penalties and injunctions for violations.