South Carolina Statutes
§ 41-31-650 — Failure to post security.
South Carolina·Title 41 LABOR AND EMPLOYMENT·Ch. 31 CONTRIBUTIONS AND PAYMENTS TO THE UNEMPLOYMENT TRUST FUND
If any nonprofit organization fails to file a bond or make a deposit, or to file a bond in an increased amount or to increase or make whole the amount of a previously made deposit, as provided under this section, the department may terminate such organization's election to make payments in lieu of contributions and such termination shall continue for not less than two calendar years beginning with the quarter in which such termination becomes effective; provided, that the department may extend for good cause the applicable filing, deposit, or adjustment period by not more than thirty days.
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South Carolina § 41-31-650 (Failure to post security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 68-224; 1971 (57) 950; 2010 Act No. 234, SECTION 1, eff January 1, 2011. Effect of Amendment The 2010 amendment substituted "department" for "Commission" throughout.
Nearby Sections
15
§ 41-31-10
General rate of contribution.§ 41-31-140
Transfer of experience rating account.§ 41-31-150
Treatment of fractions of a cent.§ 41-31-160
Contribution and wage reports.§ 41-31-20
Employers' accounts.§ 41-31-30
Classification of employers.§ 41-31-330
Imposition of penalty.