South Carolina § 35-11-300 License required.

South Carolina Statutes

§ 35-11-300 — License required.

South Carolina § 35-11-300

Title 35SECURITIES

Ch. 11SOUTH CAROLINA UNIFORM MONEY SERVICES ACT

This text of South Carolina § 35-11-300 (License required.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 35-11-300 (2026).

Text

(A)A person may not engage in currency exchange or advertise, solicit, or hold himself out as providing currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person is:

(1)licensed pursuant to this article;

(2)licensed for money transmission pursuant to Article 2; or (3) an authorized delegate of a person licensed pursuant to Article 2.

(B)A license issued pursuant to this chapter is not transferable or assignable.

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(A) A person may not engage in currency exchange or advertise, solicit, or hold himself out as providing currency exchange for which the person receives revenues equal or greater than five percent of total revenues unless the person is: (1) licensed pursuant to this article; (2) licensed for money transmission pursuant to Article 2; or (3) an authorized delegate of a person licensed pursuant to Article 2. (B) A license issued pursuant to this chapter is not transferable or assignable.

Legislative History

HISTORY: 2016 Act No. 266 (H.4554), SECTION 1, eff May 25, 2018; 2024 Act No. 218 (S.1031), SECTION 1, eff July 2, 2024. Effect of Amendment 2024 Act No. 218, SECTION 1, in (A), in (1), substituted "article" for "chapter", in (2), substituted "2; or" for "2, or approved to engage in money transmission pursuant to Section 35-11-210;", deleted (4), which provided that an authorized delegate of a person approved to engage in money transmission pursuant to Section 35-11-210, and made a nonsubstantive change.