South Carolina § 38-23-90 - Transactions in registered securities and securities held by fewer than one hundred persons excepted.
Full text of South Carolina South Carolina Code of Laws § 38-23-90 — Transactions in registered securities and securities held by fewer than one hundred persons excepted., with citation guidance and answers to common questions.
§ 38-23-90. Transactions in registered securities and securities held by fewer than one hundred persons excepted.
Sections 38-23-40 to 38-23-60 do not apply to equity securities of a domestic stock insurer if (a) the securities are registered or are required to be registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, or (b) the domestic stock insurer does not have any class of its equity securities held of record by one hundred or more persons on the last business day of the previous year in which equity securities of the insurer would be subject to Sections 38-23-40 to 38-23-60 except for this section.
HISTORY: Former 1976 Code SECTION 35-9-80 [1962 Code SECTION 62-478; 1966 (54) 2146] recodified as SECTION 38-23-90 by 1987 Act No. 155, SECTION 1.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 38-23-90
What does South Carolina Code of Laws § 38-23-90 cover?
Section 38-23-90 ("Transactions in registered securities and securities held by fewer than one hundred persons excepted.") 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 § 38-23-90?
A common citation format is "South Carolina Code of Laws § 38-23-90" (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 § 38-23-90 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.