House Amendment 1
H 3810 - Session 125 (2023-2024)
License fee on corporations
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Rep. Herbkersman proposes the following amendment (LC-3810.PH0002H):

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

SECTION X. Section 33-44-409(b)(3) of the S.C. Code is amended to read:

((3) to refrain from competing with the company in the conduct of the company's business before the dissolution of the company. This item does not apply when a member is also a member of another LLC and there is not an enforceable noncompete provision in the operating agreement.