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2016 South Carolina Code of Laws
Title 5 - Municipal Corporations
CHAPTER 21 - FINANCIAL MATTERS GENERALLY
Section 5-21-40. Officers required to account to municipality for interest collected on deposits.

SC Code § 5-21-40 (2016) What's This?

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.

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

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