S.C. Code § 12-28-1195

Current through 2024 Act No. 225.
Section 12-28-1195 - License is nontransferable

No license is transferable to another person or to another place of business. For purposes of this article, a transfer means transfer of a majority interest in a business association, other than a publicly-held association, including corporation, out partnerships, trusts, joint ventures, and any other business associations, to another person. A substantial change in ownership of a business association other than a publicly-held business association, must be reported to the department under regulations promulgated by the department.

S.C. Code § 12-28-1195

1995 Act No. 136, Section 2.