South Carolina Statutes

§ 56-15-40 — Specific acts deemed unfair methods of competition and unfair or deceptive acts or practices; Office of Administrator; appointment of personnel; enforcement; financial services company.

South Carolina § 56-15-40
JurisdictionSouth Carolina
Title 56MOTOR VEHICLES
Ch. 15REGULATION OF MANUFACTURERS, DISTRIBUTORS, AND DEALERS

This text of South Carolina § 56-15-40 (Specific acts deemed unfair methods of competition and unfair or deceptive acts or practices; Office of Administrator; appointment of personnel; enforcement; financial services company.) 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. § 56-15-40 (2026).

Text

(A)For the purposes of this section:
(1)"Goods" does not include moveable displays, brochures, or promotional materials containing information subject to a manufacturer's or distributor's intellectual property rights; special tools as reasonably required by the manufacturer; or repair parts under a manufacturer's or distributor's warranty obligations.
(2)"Financial services company" or "captive finance source" means any finance source that provides automotive-related loans, or purchases retail installment contracts or lease contracts for motor vehicles and is, directly or indirectly, owned, operated, or controlled, in whole or in part, by a manufacturer, a distributor, a wholesaler, a distributor branch or division, a factory branch or division, or a wholesale branch or division.
(B)It

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Legislative History

HISTORY: 1962 Code SECTION 46-150.154; 1972 (57) 2419; 2013 Act No. 44, SECTIONS 2.A, 2.B, eff June 7, 2013; 2021 Act No. 31 (S.510), SECTION 4, eff August 4, 2021. Code Commissioner's Note At the direction of the Code Commissioner, subsections (E) to (G), which were inadvertently deleted from this section by 2021 Act No. 31, SECTION 4, were restored. Editor's Note 2021 Act No. 31, SECTION 14, provides as follows: "SECTION 14. This act takes effect ninety days after approval by the Governor and applies to all current and future franchises and other agreements in existence between any franchisee located in this State and a franchisor as of the effective date of this act." Effect of Amendment 2021 Act No. 31, SECTION 4, rewrote the section.

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15
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Bluebook (online)
South Carolina § 56-15-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/15/56-15-40.