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.
S.C. Code Ann. § 5-21-40
Officers required to account to municipality for interest collected on deposits
1962 Code SECTION 47-805; 1952 Code SECTION 47-805; 1942 Code SECTION 1577; 1932 Code SECTION 1577; Cr
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.