Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 34 - BANKING, FINANCIAL INSTITUTIONS AND MONEY
Chapter 13 - BANK LOANS AND INVESTMENTS
Section 34-13-110 - Certain discounts are not considered as money borrowed

S.C. Code § 34-13-110

Download
PDF
Current through 2024 Act No. 225.
Section 34-13-110 - Certain discounts are not considered as money borrowed

The discount of bills of exchange drawn in good faith against existing values and the discount of commercial business paper shall not be considered as money borrowed.

S.C. Code § 34-13-110

1923 (33) 161; 1918 (30) 880; 1914 (28) 487; 1897 (22) 463; 1885 (19) 212; R. S. 1540; Civ. C. '02 Section 1777; Civ. C. '12 Section 2662; Civ. C. '22 Section 4000; 1932 Code Section 7872; 1942 Code Section 7858; 1952 Code Section 8-231; 1962 Code Section 8-231.