Home/South Carolina/Statutes/Title 40: PROFESSIONS AND OCCUPATIONS/Ch. 18: PRIVATE SECURITY AND INVESTIGATION AGENCIES/§ 40-18-40
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 § 40-18-40
JurisdictionSouth Carolina
Title 40PROFESSIONS AND OCCUPATIONS
Ch. 18PRIVATE SECURITY AND INVESTIGATION AGENCIES

This text of South Carolina § 40-18-40 (Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.) 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. § 40-18-40 (2026).

Text

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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Legislative History

HISTORY: 2000 Act No. 372, SECTION 1.

Nearby Sections

14
§ 40-18-100
Security Weapons Permits; Security Concealed Weapons Permits.
§ 40-18-110
Authority and arrest powers of those licensed or registered under chapter.
§ 40-18-120
Development of guidelines for reciprocal agreements with other states.
§ 40-18-130
Denial, suspension, revocation, or refusal to renew license or registration; grounds; appeals; civil penalties.
§ 40-18-140
Exceptions from application of chapter.
§ 40-18-150
Violation of chapter; penalty.
§ 40-18-20
Definitions.
§ 40-18-30
Powers and duties of South Carolina Law Enforcement Division (SLED).
§ 40-18-40
Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.
§ 40-18-50
Contract security business license; application; bond; renewal; qualifications of licensees; display of license; arrest of licensee; exemptions.
§ 40-18-60
Proprietary security business license; applications; qualifications of licensee; display of license; renewal; inspection of employment records; exemptions.
§ 40-18-70
Private Investigation License; applications; bond; renewal; display of license; qualifications of licensee; contract; reports to clients; arrest of licensee; inspections of business records; prior licensees.
§ 40-18-80
Security officer registration certificates; application; qualifications of applicants; report of arrests; exemptions.
§ 40-18-90
Use of temporary employees for special events; notice of use; fees.
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Bluebook (online)
South Carolina § 40-18-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/18/40-18-40.