South Carolina Statutes
§ 4-11-160 — Charging off of losses in county offices with approval of county council.
Whenever there shall occur in any county office in this State a loss of public funds arising through defalcation, bank deposits, theft or otherwise, the county treasurer or other officer having custody of the records in which such loss appears may charge off such loss with the approval of the county council, but, in the case of bank losses, only if the bank shall have been liquidated and the receiver or other agent discharged and, in the case of any other loss, only if the sums recoverable by bond or otherwise shall have been applied against the loss and the remaining sum definitely ascertained to be irrecoverable.
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South Carolina § 4-11-160 (Charging off of losses in county offices with approval of county council.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 14-317.1; 1952 Code SECTION 14-317.1; 1942 Code SECTION 2805; 1933 (38) 491; 1982 Act No. 332.
Nearby Sections
15
§ 4-11-100
Transfer and disposition of certain unclaimed funds which have been invested or loaned out.§ 4-11-130
Disbursing officers shall not exceed or transfer appropriations; violations; suspension by Governor.§ 4-11-140
Intermingling official funds with private funds prohibited; violations; intent of section.§ 4-11-150
Consequences of failure to remit funds.