The Board shall determine from time to time the rate of regular interest for use in all calculations, with the rate of four per cent per annum applicable unless heretofore or hereafter changed by the Board.
S.C. Code Ann. § 9-1-280
Board shall determine interest rate; base rate established
Applied in 2 court decisions — leading case Layman v. State (2006)
Most recently applied in Layman v. State (June 2006)
1962 Code SECTION 61-18; 1952 Code SECTION 61-18; 1945 (44) 212; 1949 (46) 424.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.