# S.C. Code Ann. § 40-18-40: SECTION 40-18-40. Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-40

## Section

- **Citation:** S.C. Code Ann. § 40-18-40
- **Heading:** SECTION 40-18-40. Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 40 / Chapter 18 / Section 40-18-40

## Text

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.

## Nearby sections

- [S.C. Code Ann. § 40-18-20 SECTION 40-18-20. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-20.md)
- [S.C. Code Ann. § 40-18-30 SECTION 40-18-30. Powers and duties of South Carolina Law Enforcement Division (SLED).](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-30.md)
- [S.C. Code Ann. § 40-18-40 SECTION 40-18-40. Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-40.md)
- [S.C. Code Ann. § 40-18-50 SECTION 40-18-50. Contract security business license; application; bond; renewal; qualifications of licensees; display of license; arrest of licensee; exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-50.md)
- [S.C. Code Ann. § 40-18-60 SECTION 40-18-60. Proprietary security business license; applications; qualifications of licensee; display of license; renewal; inspection of employment records; exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-60.md)
- [S.C. Code Ann. § 40-18-70 SECTION 40-18-70. Private Investigation License; applications; bond; renewal; display of license; qualifications of licensee; contract; reports to clients; arrest of licensee; inspections of business records; prior licensees.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-70.md)
- [S.C. Code Ann. § 40-18-80 SECTION 40-18-80. Security officer registration certificates; application; qualifications of applicants; report of arrests; exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-80.md)
- [S.C. Code Ann. § 40-18-90 SECTION 40-18-90. Use of temporary employees for special events; notice of use; fees.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-90.md)
- [S.C. Code Ann. § 40-18-100 SECTION 40-18-100. Security Weapons Permits; Security Concealed Weapons Permits.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-100.md)
- [S.C. Code Ann. § 40-18-110 SECTION 40-18-110. Authority and arrest powers of those licensed or registered under chapter.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-110.md)
- [S.C. Code Ann. § 40-18-120 SECTION 40-18-120. Development of guidelines for reciprocal agreements with other states.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-120.md)
- [S.C. Code Ann. § 40-18-130 SECTION 40-18-130. Denial, suspension, revocation, or refusal to renew license or registration; grounds; appeals; civil penalties.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-130.md)
- [S.C. Code Ann. § 40-18-140 SECTION 40-18-140. Exceptions from application of chapter.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-140.md)
- [S.C. Code Ann. § 40-18-150 SECTION 40-18-150. Violation of chapter; penalty.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-150.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T40_C18_S40-18-40. Check the current official text before relying on it. Not legal advice.