§ 8-3-240 — Distribution of moneys recovered on bond after defalcation.

Whenever any officer of this State charged with the care, collection or disbursement of public funds is required to give bond to the State and a recovery is had upon such bond or any moneys are seized, levied upon or attached in his hands or turned over or surrendered by such officer to the State Treasurer upon his commitment to jail, under warrant from the State Treasurer, the moneys so recovered, seized, levied upon, attached, surrendered or turned over shall be distributed between the State, county, school or other specific funds, in proportion to the several amounts due by the officer to the State, county, school or other specific funds, at the time of such recovery, seizure, attachment, levy or surrender. The provision of this section shall only apply to suits, seizures, attachments or levies by or surrenders to public officers and not to suits upon the bonds of such officers brought by private individuals.

Legislative History

HISTORY: 1962 Code SECTION 50-78; 1952 Code SECTION 50-78; 1942 Code SECTION 3055; 1932 Code SECTION 3055; Civ. C. '22 SECTION 746; Civ. C. '12 SECTION 664; Civ. C. '02 SECTION 596; G. S. 451; R. S. 514.