Membership interest as security; transfer of interest.

S.C. Code Ann. § 38-19-1170
in effect
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A membership interest in a mutual insurance holding company does not constitute a security under the laws of the State of South Carolina. A membership interest in a mutual insurance holding company may not be transferred from the member to another person or entity.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t38c019.phpFetched: 10/17/2026

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