South Carolina H 4659: Homeless

Bill Text

2025-2026 Bill 4659 Text of Previous Version (Dec. 17, 2025) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 4659

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND THE SOUTH 
CAROLINA CODE OF LAWS BY AMENDING SECTION 33-44-409, RELATING TO GENERAL 
STANDARDS OF MEMBERS' AND MANAGERS' CONDUCT, SO AS TO PROVIDE AN EXEMPTION FOR 
A MEMBER'S DUTY OF LOYALTY TO A MEMBER-MANAGED COMPANY AND ITS MEMBERS UNDER 
CERTAIN CONDITIONS.

Be it enacted by the 
General Assembly of the State of South Carolina:

SECTION 1. 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. However, this item does not apply when: (a) the 
company's operating agreement does not contain an enforceable noncompete 
provision; and (b) the member is also a member of another limited liability 
company.

SECTION 2. This act takes effect upon approval 
by the Governor. The provisions of this act are retroactive and apply to any 
limited liability company that exists on or after the effective date.

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This web page was last updated on December 17, 2025 at 01:18 PM