Officers required to account to municipality for interest collected on deposits.

S.C. Code Ann. § 5-21-40
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t05c021.phpFetched: 10/17/2026

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