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.
Structure South Carolina Code of Laws
Title 40 - Professions and Occupations
Chapter 18 - Private Security And Investigation Agencies
Section 40-18-20. Definitions.
Section 40-18-30. Powers and duties of South Carolina Law Enforcement Division (SLED).
Section 40-18-90. Use of temporary employees for special events; notice of use; fees.
Section 40-18-100. Security Weapons Permits; Security Concealed Weapons Permits.
Section 40-18-110. Authority and arrest powers of those licensed or registered under chapter.
Section 40-18-120. Development of guidelines for reciprocal agreements with other states.