South Carolina § 40-2-270 "Emeritus" status.

South Carolina Statutes

§ 40-2-270 — "Emeritus" status.

South Carolina § 40-2-270

Title 40PROFESSIONS AND OCCUPATIONS

Ch. 2ACCOUNTANTS

This text of South Carolina § 40-2-270 ("Emeritus" status.) 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. § 40-2-270 (2026).

Text

(A)A licensee who is retired and does not perform or offer to perform for compensation one or more kinds of services involving the use of accounting or auditing skills, including issuance of reports on financial statements or of one or more kinds of management advisory, financial advisory, or consulting services or the preparation of tax returns or the furnishing of advice on tax matters, may apply to the board for permission to place the word "Emeritus" adjacent to the licensee's "Certified Public Accountant" title or "Public Accountant" title on any document or device on which the "Certified Public Accountant" or "Public Accountant" title appears.

(B)A license in "Emeritus" status must be renewed annually with no fee required. A license in "Emeritus" status may be reinstated as an acti

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(A) A licensee who is retired and does not perform or offer to perform for compensation one or more kinds of services involving the use of accounting or auditing skills, including issuance of reports on financial statements or of one or more kinds of management advisory, financial advisory, or consulting services or the preparation of tax returns or the furnishing of advice on tax matters, may apply to the board for permission to place the word "Emeritus" adjacent to the licensee's "Certified Public Accountant" title or "Public Accountant" title on any document or device on which the "Certified Public Accountant" or "Public Accountant" title appears. (B) A license in "Emeritus" status must be renewed annually with no fee required. A license in "Emeritus" status may be reinstated as an active license, subject to fulfilling the requirements for the reinstatement of a lapsed license under Section 40-2-250.

Legislative History

HISTORY: 1996 Act No. 453, SECTION 1; 2004 Act No. 289, SECTION 1; 2022 Act No. 174 (S.812), SECTION 1, eff May 16, 2022. Effect of Amendment 2022 Act No. 174, SECTION 1, in (B), in the second sentence, substituted "may be reinstated as an active license, subject to fulfilling the requirements for the reinstatement of a lapsed license under Section 40-2-250" for "may not be reinstated as an active license"; and deleted (C), which provided that a licensee holding a license in "emeritus" status could apply for licensure under Section 40-2-35 as if the licensee was a new applicant and never sat for the exam.