S.C. Code Section 59-40-115 of the Charter Schools Act of 1996 allows the Board of Directors of a charter school to voluntarily terminate the school’s contract with the sponsor and transfer of the school’s charter before the 10-year term of the charter expires only if all parties under contract with the charter school agree to the termination. A charter school that voluntarily terminates its contract with a sponsor may apply to another sponsor for the length of time remaining on its charter.