South Carolina § 39-73-50 - Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated.
Full text of South Carolina South Carolina Code of Laws § 39-73-50 — Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated., with citation guidance and answers to common questions.
§ 39-73-50. Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated.
(A) No person may engage in a trade or business or otherwise act as a commodity merchant unless he:
(1) is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity constituting the person as a commodity merchant and the registration or temporary license has not expired or been suspended or revoked; or
(2) is exempt from registration by virtue of the Commodity Exchange Act or of a CFTC Rule.
(B) No board of trade may trade or provide a place for the trading of a commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the Commodity Futures Trading Commission unless the board of trade has been so designated for the commodity contract or commodity option and the designation has not been vacated, suspended, or revoked.
HISTORY: 1993 Act No. 68, SECTION 1, eff 200 days after approval (approved May 14, 1993).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 39-73-50
What does South Carolina Code of Laws § 39-73-50 cover?
Section 39-73-50 ("Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated.") 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 § 39-73-50?
A common citation format is "South Carolina Code of Laws § 39-73-50" (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 § 39-73-50 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.