South Carolina § 41-33-100 - Deposit of amounts drawn by department; security.
Full text of South Carolina South Carolina Code of Laws § 41-33-100 — Deposit of amounts drawn by department; security., with citation guidance and answers to common questions.
§ 41-33-100. Deposit of amounts drawn by department; security.
Such lump sum amounts when received by the department from the State Treasurer must be immediately deposited by the department in a benefit payment account maintained in the name of the department in that bank or public depository and under conditions the department determines necessary. The bank or public depository must be one in which general funds of the State may be deposited, but no public deposit insurance charge or premium shall be paid out of the fund or benefit payment account. The department shall require the bank or depository it selects as the depository of the benefit payment account security in an amount equal to the amount on deposit. This security must consist of securities or a surety bond required by law of depositories of state funds.
HISTORY: 1962 Code SECTION 68-310; 1952 Code SECTION 68-310; 1942 Code SECTION 7035-89; 1936 (39) 1716; 1939 (41) 487; 1941 (42) 369; 2010 Act No. 146, SECTION 59, eff March 30, 2010.
Effect of Amendment
The 2010 amendment substituted "department" for five occurrences of "Commission"; and made other nonsubstantive changes.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 41-33-100
What does South Carolina Code of Laws § 41-33-100 cover?
Section 41-33-100 ("Deposit of amounts drawn by department; 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 § 41-33-100?
A common citation format is "South Carolina Code of Laws § 41-33-100" (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 § 41-33-100 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.