S.C. Code § 34-11-30

Current through 2024 Act No. 225.

Section 34-11-30 - Receipt of deposits or trusts after knowledge of insolvency

It shall be a misdemeanor for any president, director, manager or cashier or other officer of any banking institution to receive any deposit or trust or create any debts of such corporation after he shall become aware that such corporation is insolvent. Every officer of such failing corporation shall become personally liable to the amount of any such deposit or trust received by him or with his knowledge or assent in any such case to the person thereby damaged, whether criminal prosecution be made or not. And all persons convicted for misdemeanor, as provided in this section, shall be punished by imprisonment for a term of not less than one year and by a fine of not less than one thousand dollars.

1960 (51) 1602; 1923 (33) 156; 1877 (16) 232; Cr. C. '02 Section 259; Cr. C. '12 Section 346; Cr. C. '22 Section 241; R. S. 223, 1460; G. S. 1348; Civ. C. '02 Section 1762; Civ. C. '12 Section 2638; Civ. C. '22 Section 3973; 1932 Code Sections 1351, 7831; 1942 Code Section 7850; 1952 Code Section 8-172; 1962 Code Section 8-172.