Sections 38-23-40 to 38-23-60 do not apply to foreign or domestic arbitrage transactions unless made in contravention of regulations the department may adopt in order to carry out the purposes of this chapter.
HISTORY: Former 1976 Code Section 35-9-70 [1962 Code Section 62-476; 1966 (54) 2146] recodified as Section 38-23-80 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 597.
Structure South Carolina Code of Laws
Chapter 23 - Insider Trading In Securities Of Domestic Stock Insurers
Section 38-23-10. Short title.
Section 38-23-20. "Equity security" defined.
Section 38-23-30. "Beneficial owner" defined.
Section 38-23-70. Sales by dealers in ordinary course of business excepted.
Section 38-23-80. Foreign or domestic arbitrage transactions excepted.