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Advisory Opinion 2000-007
South Carolina State Ethics Commission
South Carolina State Ethics Commission
Abstract
The public officials economic interest in an company in which he owns stock is no greater than the economic interest or potential benefit that accrues to all other shareholders. Unless the public official holds stock in the company worth $100,000 or more at fair market value and which constitutes five percent or more of the total outstanding stock, then his ownership of stock places him in the larger class exception found in the definition of economic interest.
Issue Date
2000-01-19
Keywords
South Carolina State Ethics Commission, Advisory opinions--South Carolina, Public officers--South Carolina
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
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