South Carolina Code 39-61-80. Certificates of authority permanent unless suspended or revoked; renewal requirements
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Certificates of authority issued hereunder are permanent unless revoked or suspended as provided in this chapter. No certificate of authority may be renewed by the Administrator until the club has:
(a) Paid an annual certificate of authority renewal fee of five hundred dollars by October thirty-first.
Terms Used In South Carolina Code 39-61-80
- Administrator: means the Administrator of the Department of Consumer Affairs. See South Carolina Code 39-61-20
- Club: means a person engaged in selling, furnishing, or making available to members, either as principal or agent, motor club services. See South Carolina Code 39-61-20
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) Filed a copy of its most recent financial statement prepared in accordance with generally accepted accounting principles and certified by two principal officers of the club or, in the event the applicant is not a corporation, other persons as the Administrator may require.