Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.

S.C. Code Ann. § 40-18-40
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t40c018.phpFetched: 10/17/2026

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