If the finder of a wreck is other than the licensed salvor (commercial applicant), the finder must receive twenty-five percent of the licensed salvor's share.
S.C. Code Ann. § 54-7-785
Finder of wreck other than licensed salvor; share of recovery
Known as the South Carolina Underwater Antiquities Act
The act spans §§ 54–54 (25 sections).
1991 Act No. 169, SECTION 1.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.