South Carolina § 27-18-350 - Interest and penalties for violations of chapter.
Full text of South Carolina South Carolina Code of Laws § 27-18-350 — Interest and penalties for violations of chapter., with citation guidance and answers to common questions.
§ 27-18-350. Interest and penalties for violations of chapter.
(A) A person who fails to pay or deliver property within the time prescribed by this chapter may be required to pay to the administrator interest at the rate provided in Section 12-54-25 on the property or value thereof from the date the property should have been paid or delivered.
(B) A person who fails to render any report or perform other duties required pursuant to this chapter may be required to pay a civil penalty of one hundred dollars for each day the report is withheld or the duty is not performed, but not more than five thousand dollars.
(C) A person who fails to pay or deliver property to the administrator as required pursuant to this chapter may be required to pay a civil penalty equal to twenty-five percent of the value of the property that should have been paid or delivered.
(D) A person who wilfully refuses after written demand by the administrator to pay or deliver property to the administrator as required under this chapter is guilty of a misdemeanor and, upon conviction, must be punished by a fine of not more than ten thousand dollars or imprisonment for not more than one year, or both.
HISTORY: 1988 Act No. 658, Part II, SECTION 34A; 1995 Act No. 60, SECTION 4.J; 2008 Act No. 197, SECTION 3, eff April 15, 2008.
Effect of Amendment
The 2008 amendment, in subsections (B) and (C), substituted "pursuant to this chapter may be required to" for "under this chapter shall".
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 27-18-350
What does South Carolina Code of Laws § 27-18-350 cover?
Section 27-18-350 ("Interest and penalties for violations of chapter.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 27-18-350?
A common citation format is "South Carolina Code of Laws § 27-18-350" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 27-18-350 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.