South Carolina § 40-18-40 - Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.
Full text of South Carolina South Carolina Code of Laws § 40-18-40 — Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership., with citation guidance and answers to common questions.
§ 40-18-40. Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.
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.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-18-40
What does South Carolina Code of Laws § 40-18-40 cover?
Section 40-18-40 ("Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.") 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 § 40-18-40?
A common citation format is "South Carolina Code of Laws § 40-18-40" (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 § 40-18-40 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.