South Carolina H3273 prohibits noncompete agreements for nonprofit corporations with over $1 billion in annual revenue.

South Carolina H3273 amends the state code to nullify and void noncompete agreements for nonprofit corporations with an annual gross revenue exceeding one billion dollars. The bill also prohibits such agreements with future employees of these corporations. The act aims to address the public interest in higher standards for nonprofit entities, particularly those serving public health and safety. This act takes effect upon approval by the Governor.

South Carolina H3273 prohibits noncompete agreements for nonprofit corporations with over $1 billion in annual revenue.

South Carolina H3273 amends the state code to nullify and void noncompete agreements for nonprofit corporations with an annual gross revenue exceeding one billion dollars. The bill also prohibits such agreements with future employees of these corporations. The act aims to address the public interest in higher standards for nonprofit entities, particularly those serving public health and safety. This act takes effect upon approval by the Governor.