South Carolina § 35-1-204 - Denial, suspension, revocation, condition, or limitation of exemptions.
Full text of South Carolina South Carolina Code of Laws § 35-1-204 — Denial, suspension, revocation, condition, or limitation of exemptions., with citation guidance and answers to common questions.
§ 35-1-204. Denial, suspension, revocation, condition, or limitation of exemptions.
(a) Except with respect to a federal covered security or a transaction involving a federal covered security, an order under this chapter may deny, suspend application of, condition, limit, or revoke an exemption created under Section 35-1-201(3)(C), (7) or (8) or 35-1-202 or an exemption or waiver created under Section 35-1-203 with respect to a specific security, transaction, or offer. An order under this section may be issued only pursuant to the procedures in Section 35-1-306(d) or 35-1-604 and only prospectively.
(b) A person does not violate Section 35-1-301, 35-1-303 through 35-1-306, 35-1-504, or 35-1-510 by an offer to sell, offer to purchase, sale, or purchase effected after the entry of an order issued under this section if the person did not know, and in the exercise of reasonable care could not have known, of the order.
HISTORY: 2005 Act No. 110, SECTION 1, eff January 1, 2006.
Editor's Note
The South Carolina Uniform Securities Act of 2005 replaced former Chapter 1, Uniform Securities, with a new Chapter 1, effective January 1, 2006, numbered in conformity with the Uniform Securities Act. The new chapter includes Official and South Carolina Reporters comments linking the old and new chapters.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 35-1-204
What does South Carolina Code of Laws § 35-1-204 cover?
Section 35-1-204 ("Denial, suspension, revocation, condition, or limitation of exemptions.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 35-1-204?
A common citation format is "South Carolina Code of Laws § 35-1-204" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 35-1-204 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.