# S.C. Code Ann. § 39-73-50: SECTION 39-73-50. Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-50

## Section

- **Citation:** S.C. Code Ann. § 39-73-50
- **Heading:** SECTION 39-73-50. Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 39 / Chapter 73 / Article 1 / Section 39-73-50

## Text

(A) No person may engage in a trade or business or otherwise act as a commodity merchant unless he: (1) is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity constituting the person as a commodity merchant and the registration or temporary license has not expired or been suspended or revoked; or (2) is exempt from registration by virtue of the Commodity Exchange Act or of a CFTC Rule. (B) No board of trade may trade or provide a place for the trading of a commodity contract or commodity option required to be traded on or subject to the rules of a contract market designated by the Commodity Futures Trading Commission unless the board of trade has been so designated for the commodity contract or commodity option and the designation has not been vacated, suspended, or revoked.

## Nearby sections

- [S.C. Code Ann. § 39-73-10 SECTION 39-73-10. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-10.md)
- [S.C. Code Ann. § 39-73-20 SECTION 39-73-20. Commodity transactions under commodity contract or option restricted.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-20.md)
- [S.C. Code Ann. § 39-73-30 SECTION 39-73-30. Purchasers or sellers as to whom prohibition not applicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-30.md)
- [S.C. Code Ann. § 39-73-40 SECTION 39-73-40. Transactions as to which prohibition not applicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-40.md)
- [S.C. Code Ann. § 39-73-50 SECTION 39-73-50. Commodity merchant required to be registered, temporarily licensed, or exempt; board of trade must be designated.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-50.md)
- [S.C. Code Ann. § 39-73-60 SECTION 39-73-60. Prohibited acts.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-60.md)
- [S.C. Code Ann. § 39-73-70 SECTION 39-73-70. Agency, vicarious, and joint and several liability.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-70.md)
- [S.C. Code Ann. § 39-73-80 SECTION 39-73-80. Chapter not to impair other state securities laws.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-80.md)
- [S.C. Code Ann. § 39-73-90 SECTION 39-73-90. Construction and implementation of chapter; no private right of action created.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-90.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T39_C73_A1_S39-73-50. Check the current official text before relying on it. Not legal advice.