As Amended
SEC. 27-3-45. Settlements.
The state tax commission shall settle with the state treasurer, and pay over daily to the state treasurer all moneys collected by it each day; and it shall make a report to the auditor of public accounts at the end of the fiscal year, giving a full account of all collections by it under the provisions of sections 27-3-33, 27-3-37, 27-3-39, 27-3-43, 27-3-47 and 27-3-71 during the preceding fiscal year and of whom and on whose account collected. For a failure to render such account and settle and pay over all collections made by it, as required by law, each member of the state tax commission shall be suspended from office by the governor in the same manner as in the case of a defaulting state treasurer.
SOURCES: Codes, 1942, Sec. 9213-12; Laws, 1962, ch. 588, Sec. 12; 1984, ch. 478, Sec. 7, eff from and after July 1, 1984.