South Carolina Statutes
§ 5-21-40 — Officers required to account to municipality for interest collected on deposits.
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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South Carolina § 5-21-40 (Officers required to account to municipality for interest collected on deposits.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.