S.C. Code Regs. § § 73-405
Current through Register Vol. 48, No. 11, November 22, 2024
Section 73-405 - Termination or Death of Licensee; Private Security; Private Investigations1. Upon termination of a licensee, a representative of the entity must immediately notify SLED. The entity will be immediately designated by SLED asconditionally licensed.2. The chief executive or other principal of the entity must, within five calendar days of the date of termination of the licensee, submit an application for licensing of a new principal and the appropriate application fee.3. The entity may operate as conditionally licensed for up to twenty calendar days after receipt of the new application by SLED.4. In the event of the death of a licensee of a licensed business, a representative of the business must immediately notify SLED. The business will be designated by SLED as conditionally licensed and may continue operations.5. The personal representative of the estate of the deceased licensee must furnish to SLED a notice of appointment by the probate court and may continue the operation of the business in accordance with directions of the court.6. During the period of operation, licenses for such businesses must be renewed upon expiration using the standard license renewal procedure, including payment of license fees.7. Authority of the personal representative to operate the licensed business without securing a new license will expire with the entry of an order by the court approving settlement, closure or distribution of the estate and discharging the personal representative, or an order terminating the personal representative or the proceeding.8. An applicant for a license to continue operation of the business must meet all relevant qualifications to hold the license or SLED must deny the application.9. Failure to comply renders the business license invalid and constitutes cause for revocation of the license.Added by State Register Volume 30, Issue No. 6, eff June 23, 2006.