South Carolina Statutes
§ 40-18-40 — Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.
South Carolina·Title 40 PROFESSIONS AND OCCUPATIONS·Ch. 18 PRIVATE SECURITY AND INVESTIGATION AGENCIES
Licenses to operate security or private investigation businesses are the property of SLED and are not transferable. Licenses must be surrendered immediately to SLED upon the termination of a business or upon a change of ownership, possession, or control of a corporation or business entity. The transfer of twenty-five percent or more of corporate stock is considered a change in ownership.
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South Carolina § 40-18-40 (Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 372, SECTION 1.
Nearby Sections
14
§ 40-18-140
Exceptions from application of chapter.§ 40-18-150
Violation of chapter; penalty.§ 40-18-20
Definitions.