South Carolina § 9-13-110 Interest on deposits or investments.

South Carolina Statutes

§ 9-13-110 — Interest on deposits or investments.

South Carolina § 9-13-110

Title 9RETIREMENT SYSTEMS

Ch. 13FIREMEN'S PENSION FUNDS IN CITIES

This text of South Carolina § 9-13-110 (Interest on deposits or investments.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 9-13-110 (2026).

Text

In case the pension fund, or any part thereof, shall, by order of the board or otherwise, be deposited in any bank or invested as herein stated all interest or money which may be paid or agreed to be paid on account of such sums or deposit shall belong to and constitute a part of the fund. But nothing herein contained shall be construed as authorizing the treasurer to deposit such funds, or any part thereof, unless so authorized by the board.

Free access — add to your briefcase to read the full text and ask questions with AI

In case the pension fund, or any part thereof, shall, by order of the board or otherwise, be deposited in any bank or invested as herein stated all interest or money which may be paid or agreed to be paid on account of such sums or deposit shall belong to and constitute a part of the fund. But nothing herein contained shall be construed as authorizing the treasurer to deposit such funds, or any part thereof, unless so authorized by the board.

Legislative History

HISTORY: 1962 Code SECTION 61-391; 1952 Code SECTION 61-391; 1942 Code SECTION 7532; 1932 Code SECTIONS 7551 to 7566; Civ. C. '22 SECTIONS 4658 to 4673; Civ. C. '12 SECTIONS 2968 to 2983; 1904 (24) 490; 1945 (44) 236.