Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 5 - MUNICIPAL CORPORATIONSChapter 21 - FINANCIAL MATTERS GENERALLY
Article 1 - GENERAL PROVISIONS
Section 5-21-40 - Officers required to account to municipality for interest collected on deposits

S.C. Code § 5-21-40

Download
PDF
Current through 2024 Act No. 225.
Section 5-21-40 - Officers required to account to municipality for interest collected on deposits

A municipal officer depositing funds at interest in a bank or other depository shall account to the municipality for all interest collected on the deposits. A person violating the provisions of this section is guilty of a misdemeanor and, upon conviction, must be fined in the discretion of the court or imprisoned not more than three years.

S.C. Code § 5-21-40

1993 Act No. 184, Section 131; 1915 (29) 56; Cr. C. '22 Section 530; 1932 Code Section 1577; 1942 Code Section 1577; 1952 Code Section 47-805; 1962 Code Section 47-805.