South Carolina Statutes
§ 34-39-160 — Qualifications for licensure.
South Carolina·Title 34 BANKING, FINANCIAL INSTITUTIONS AND MONEY·Ch. 39 DEFERRED PRESENTMENT SERVICES
To qualify for a license issued pursuant to this chapter, an applicant shall have:
(1)a minimum net worth, determined in accordance with generally accepted accounting principles, of at least twenty-five thousand dollars available for the operation of each location; and (2) the financial responsibility, character, experience, and general fitness so as to command the confidence of the public and to warrant belief that the business is operated lawfully, honestly, fairly, and efficiently.
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South Carolina § 34-39-160 (Qualifications for licensure.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1998 Act No. 433, SECTION 1, eff upon approval (became law without the Governor's signature on June 11, 1998).
Nearby Sections
15
§ 34-39-110
Short title.§ 34-39-120
Definitions.§ 34-39-130
Licensure requirements.§ 34-39-140
Applicability of chapter; exceptions.§ 34-39-150
Application for licensure.§ 34-39-160
Qualifications for licensure.§ 34-39-175
Deferred presentment transaction database.§ 34-39-210
Suspension or revocation of license.