(1) The board shall establish annual supervisory fees to be paid by credit unions. Such fees shall defray, as far as practicable, the administrative, supervisory, examining, and other expenses of the annual examination.

(2) Any such fees established shall be in accordance with a graduated scale on the basis of assets and shall be payable annually.

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Terms Used In South Carolina Code 34-26-270

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.