South Carolina Code 12-28-1160. Applicant may be required to furnish current verified, financial statements
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-28-1160
- Department: means the South Carolina Department of Revenue. See South Carolina Code 12-28-110
At the department‘s reasonable discretion, it may require a licensee or an applicant to furnish current verified, financial statements. The department may make independent inquiry into the financial condition of the applicant and is not required to accept as accurate financial statements which have not been certified or independently audited. If the department determines that a licensee’s financial condition warrants an increase in the bond or cash deposit, the department may require the licensee to furnish an increased bond or cash deposit.