Terms Used In South Carolina Code 33-42-1680

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See South Carolina Code 33-42-20
The Attorney General may bring an action to restrain a foreign limited partnership from transacting business in this State in violation of this chapter.