{"data":{"id":"us-sc/s.c.-code-ann.-40-18-40","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 40-18-40","heading":"Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.","body":"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.","path":["Title 40 - PROFESSIONS AND OCCUPATIONS","CHAPTER 18 Private Security and Investigation Agencies"],"source_url":"https://www.scstatehouse.gov/code/t40c018.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:20:54Z","sha256":"f7791483ccd0b4b7def3a48eb7676d118f1fd25b67447d6da733d2f557fd965d","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-40-18-30","next":"us-sc/s.c.-code-ann.-40-18-50"},"notice":"GroundRules: Original legal text. Not legal advice."}