Structured settlement purchase companies to register with Secretary of State.

S.C. Code Ann. § 15-50-90
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
A person shall not act as a transferee, attempt to acquire structured settlement payment rights through a transfer from a payee who resides in this State, or file a structured settlement transfer proceeding unless the person is registered with the Secretary to do business in this State as a structured settlement purchase company. Editor's Note 2023 Act No. 22, SECTION 20, provides as follows: "SECTION 20. SECTION 9 through SECTION 16 take effect on January 1, 2024. All other SECTIONS take effect on July 1, 2023, and apply to applications filed on or after the effective date."
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t15c050.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements