South Carolina § 40-54-80 - Penalties.
Full text of South Carolina South Carolina Code of Laws § 40-54-80 — Penalties., with citation guidance and answers to common questions.
§ 40-54-80. Penalties.
(A) Any dealer wilfully violating the provisions of this chapter is guilty of a misdemeanor and upon conviction for a first offense must be fined not more than five hundred dollars, imprisoned for not more than ninety days, or both. A second offense conviction is punishable by a fine of not more than two thousand dollars, imprisonment for not more than one year, or both. A third or subsequent offense conviction is punishable by a fine of not more than five thousand dollars, imprisonment for not more than three years, or both. A dealer convicted of a second offense is ineligible for a permit to conduct business in precious metals in this State for at least two years and a dealer convicted of a third or subsequent offense is ineligible for a permit for a least five years.
(B)(1) In addition to the provisions of subsection (A), any dealer who wilfully makes a purchase with an invalid, suspended, or revoked license as a dealer of precious metals is guilty of a misdemeanor and upon conviction for a:
(a) first offense must be fined not more than five hundred dollars, imprisoned for not more than ninety days, or both;
(b) second offense must be fined not more than two thousand dollars, imprisoned for not more than one year, or both; and
(c) third offense must be fined not more than five thousand dollars, imprisoned for not more than three years, or both.
(2)(a) A dealer convicted of a second offense is ineligible for a permit to conduct business in precious metals in this State for at least two years; and
(b) a dealer convicted of a third offense is ineligible for a permit to conduct business in precious metals in this State for at least five years.
(3) A penalty under this section is cumulative to penalties in items (1) and (2).
HISTORY: 1981 Act No. 147 SECTION 1; 2014 Act No. 292 (H.3149), SECTION 5, eff June 23, 2014.
Effect of Amendment
2014 Act No. 292, SECTION 5, added subsection designator (A), rewrote subsection (A), and added subsection (B).
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 40-54-80
What does South Carolina Code of Laws § 40-54-80 cover?
Section 40-54-80 ("Penalties.") 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 § 40-54-80?
A common citation format is "South Carolina Code of Laws § 40-54-80" (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 § 40-54-80 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.