Source: https://www.lawserver.com/law/state/south-carolina/sc-code/south_carolina_code_title_40_chapter_18
Timestamp: 2020-02-21 16:11:54
Document Index: 430239896

Matched Legal Cases: ['§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40', '§ 40']

» South Carolina Code > Title 40 > Chapter 18 – Private Security and Investigation AgenciesLawServer
South Carolina Code > Title 40 > Chapter 18
South Carolina Code > Title 40 > Chapter 18 – Private Security and Investigation Agencies
§ 40-18-20 Definitions
§ 40-18-30 Powers and duties of South Carolina Law Enforcement Division (SLED)
§ 40-18-40 Licenses to operate security or private investigation business; transferability; surrender on termination of business or change of ownership
§ 40-18-50 Contract security business license; application; bond; renewal; qualifications of licensees; display of license; arrest of licensee; exemptions
§ 40-18-60 Proprietary security business license; applications; qualifications of licensee; display of license; renewal; inspection of employment records; exemptions
§ 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
§ 40-18-80 Security officer registration certificates; application; qualifications of applicants; report of arrests; exemptions
§ 40-18-90 Use of temporary employees for special events; notice of use; fees
§ 40-18-100 Security Weapons Permits; Security Concealed Weapons Permits
§ 40-18-110 Authority and arrest powers of those licensed or registered under chapter
§ 40-18-120 Development of guidelines for reciprocal agreements with other states
§ 40-18-130 Denial, suspension, revocation, or refusal to renew license or registration; grounds; appeals; civil penalties
§ 40-18-140 Exceptions from application of chapter
§ 40-18-150 Violation of chapter; penalty
Terms Used In South Carolina Code > Title 40 > Chapter 18
Administrator: means the Attorney General. See South Carolina Code 35-1-102
Agent: means an individual, other than a broker- dealer, who represents a broker-dealer in effecting or attempting to effect purchases or sales of securities, or represents an issuer in effecting or attempting to effect purchases or sales of the issuer's securities. See South Carolina Code 35-1-102
(C) any other banking institution, whether incorporated or not, doing business under the laws of a State or of the United States, a substantial portion of the business of which consists of receiving deposits or exercising fiduciary powers similar to those permitted to be exercised by national banks under the authority of the Comptroller of the Currency pursuant to Section 1 of Public Law 87-722 (12 U. See South Carolina Code 35-1-102
Broker-dealer: means a person engaged in the business of effecting transactions in securities for the account of others or for the person's own account. See South Carolina Code 35-1-102
common enterprise: means an enterprise in which the fortunes of the investor are interwoven with those of either the person offering the investment, a third party, or other investors; and
(E) "Investment contract" may include, among other contracts, an interest in a limited partnership and a limited liability company and shall include an investment in a viatical settlement or similar agreement. See South Carolina Code 35-1-102
Contract security business: means engaging in the security business by providing private patrol, watchman, guard, security, or bodyguard service for a fee. See South Carolina Code 40-18-20
(B) a savings institution, trust company, credit union, or similar institution that is organized or chartered under the laws of a State or of the United States, authorized to receive deposits, and supervised and examined by an official or agency of a State or the United States if its deposits or share accounts are insured to the maximum amount authorized by statute by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund, or a successor authorized by federal law. See South Carolina Code 35-1-102
Federal covered investment adviser: means a person registered under the Investment Advisers Act of 1940. See South Carolina Code 35-1-102
Federal covered security: means a security that is, or upon completion of a transaction will be, a covered security under Section 18(b) of the Securities Act of 1933 (15 U. See South Carolina Code 35-1-102
Filing: means the receipt under this chapter of a record by the Securities Commissioner or a designee of the Securities Commissioner. See South Carolina Code 35-1-102
Guaranteed: means guaranteed as to payment of all principal and all interest. See South Carolina Code 35-1-102
(I) an organization described in Section 501(c)(3) of the Internal Revenue Code (26 U. See South Carolina Code 35-1-102
Insurance company: means a company organized as an insurance company whose primary business is writing insurance or reinsuring risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State. See South Carolina Code 35-1-102
Insured: means insured as to payment of all principal and all interest. See South Carolina Code 35-1-102
International banking institution: means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933. See South Carolina Code 35-1-102
Investment adviser: means a person that, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities. See South Carolina Code 35-1-102
Investment adviser representative: means an individual employed by or associated with an investment adviser or federal covered investment adviser and who makes any recommendations or otherwise gives investment advice regarding securities, manages securities accounts or portfolios of clients, determines which recommendation or advice regarding securities should be given, provides investment advice regarding securities or holds herself or himself out as providing investment advice regarding securities, receives compensation to solicit, offer, or negotiate for the sale of or for selling investment advice regarding securities, or supervises employees who perform any of the foregoing. See South Carolina Code 35-1-102
(A) The issuer of a voting trust certificate, collateral trust certificate, certificate of deposit for a security, or share in an investment company without a board of directors or individuals performing similar functions is the person performing the acts and assuming the duties of depositor or manager pursuant to the trust or other agreement or instrument under which the security is issued. See South Carolina Code 35-1-102
nonissuer distribution: means a transaction or distribution not directly or indirectly for the benefit of the issuer. See South Carolina Code 35-1-102
Offer to purchase: includes an attempt or offer to obtain, or solicitation of an offer to sell, a security or interest in a security for value. See South Carolina Code 35-1-102
Person: means an individual; corporation; business trust; estate; trust; partnership; limited liability company; association; joint venture; government; governmental subdivision, agency, or instrumentality; public corporation; or any other legal or commercial entity. See South Carolina Code 35-1-102
Price amendment: means the amendment to a registration statement filed under the Securities Act of 1933 or, if an amendment is not filed, the prospectus or prospectus supplement filed under the Securities Act of 1933 that includes a statement of the offering price, underwriting and selling discounts or commissions, amount of proceeds, conversion rates, call prices, and other matters dependent upon the offering price. See South Carolina Code 35-1-102
Private investigation business: means engaging in business or accepting employment to obtain or furnish information with reference to the:
(4) securing of evidence to be used in a criminal or civil proceeding, or before a board, an administrative agency, an officer, or investigating committee. See South Carolina Code 40-18-20
Sale: includes every contract of sale, contract to sell, or disposition of, a security or interest in a security for value, and "offer to sell" includes every attempt or offer to dispose of, or solicitation of an offer to purchase, a security or interest in a security for value. See South Carolina Code 35-1-102
Securities and Exchange Commission: means the United States Securities and Exchange Commission. See South Carolina Code 35-1-102
Securities Commissioner: means the Attorney General. See South Carolina Code 35-1-102
Security: means any note; stock; treasury stock; security future; bond; debenture; evidence of indebtedness; certificate of interest or participation in a profit-sharing agreement; collateral trust certificate; preorganization certificate or subscription; transferable share; investment contract; voting trust certificate; certificate of deposit for a security; fractional undivided interest in oil, gas, or other mineral rights; put, call, straddle, option, or privilege on a security, certificate of deposit, or group or index of securities, including an interest therein or based on the value thereof; put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency; or, in general, an interest or instrument commonly known as a "security"; or a certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. See South Carolina Code 35-1-102
Security business: means the provision of personnel whose duties include watching over, protecting, or defending people or property against intrusion, damage, injury, or loss, and specifically includes, but is not limited to, the following authorities or responsibilities: to allow or refuse access to property or certain areas of property; detect, prevent, or report entry by unauthorized persons; observe for and react to hazards or hazardous situations; observe for and react to violations of law or policy; observe for and react to emergencies; observe for and react to thefts or other incidents; apprehend or report intruders or trespassers; and maintain order or discipline. See South Carolina Code 40-18-20
Security officer: means a person who provides security service by performing any security function, as detailed in this chapter. See South Carolina Code 40-18-20
SLED: means the South Carolina Law Enforcement Division. See South Carolina Code 40-18-20
State: means a State of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See South Carolina Code 35-1-102
Uniform: means clothing displaying a badge, emblem, insignia, indicia, or print identifying the wearer as a security officer. See South Carolina Code 40-18-20
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