South Carolina Statutes
§ 9-13-110 — Interest on deposits or investments.
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.
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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.
Nearby Sections
15
§ 9-13-100
Record of proceedings.§ 9-13-110
Interest on deposits or investments.§ 9-13-120
Disbursement of funds.§ 9-13-160
Disability retirement.§ 9-13-190
Funeral benefits.§ 9-13-20
Board of trustees and officers.§ 9-13-220
Record of retired firemen.