South Carolina § 41-31-650 - Failure to post security.
Full text of South Carolina South Carolina Code of Laws § 41-31-650 — Failure to post security., with citation guidance and answers to common questions.
§ 41-31-650. Failure to post security.
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.
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.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 41-31-650
What does South Carolina Code of Laws § 41-31-650 cover?
Section 41-31-650 ("Failure to post security.") 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 § 41-31-650?
A common citation format is "South Carolina Code of Laws § 41-31-650" (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 § 41-31-650 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.