South Carolina Statutes
§ 5-21-40 — Officers required to account to municipality for interest collected on deposits.
South Carolina § 5-21-40
This text of South Carolina § 5-21-40 (Officers required to account to municipality for interest collected on deposits.) 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. § 5-21-40 (2026).
Text
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.
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Legislative History
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.
Nearby Sections
15
§ 5-21-110
Property subject to municipal taxes.§ 5-21-20
Exceptions to 5-21-10.§ 5-21-210
Short title.§ 5-21-220
Definitions.§ 5-21-230
Declaration of purpose.§ 5-21-250
Petition for election on issuance.§ 5-21-260
Notice of filing of petition.§ 5-21-270
Action on petition.§ 5-21-280
Time for holding election.§ 5-21-290
Notice of the holding of the election.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 5-21-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/21/5-21-40.