2013 South Carolina Code of Laws
Title 40 - Professions and Occupations
SECTION 40-18-40. Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.

SC Code § 40-18-40 (2013) What's This?

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.

HISTORY: 2000 Act No. 372, Section 1.

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