South Carolina § 6-21-300 - Deposit of and security for proceeds from bonds.
Full text of South Carolina South Carolina Code of Laws § 6-21-300 — Deposit of and security for proceeds from bonds., with citation guidance and answers to common questions.
§ 6-21-300. Deposit of and security for proceeds from bonds.
The governing body, when practicable, shall require that the proceeds of the sale of bonds issued under the provisions of this chapter be deposited in a special account or accounts in a bank or banks which are members of the Federal Reserve System and shall require, in so far as practicable, that each such deposit be secured by United States Government securities having an aggregate market value at least equal to the sum at the time on deposit or, in any event, the proceeds shall be deposited in some bank or other depository, either within or without the State, which will secure such deposit satisfactorily to the governing body.
HISTORY: 1962 Code SECTION 59-388; 1952 Code SECTION 59-388; 1942 Code SECTION 9257; 1933 (38) 411.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 6-21-300
What does South Carolina Code of Laws § 6-21-300 cover?
Section 6-21-300 ("Deposit of and security for proceeds from bonds.") 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 § 6-21-300?
A common citation format is "South Carolina Code of Laws § 6-21-300" (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 § 6-21-300 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.