§ 78A-29 – Denial, suspension, and revocation of registration.
78A-29. Denial, suspension, and revocation of registration. (a) The Administrator may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement if he finds (1) That the order is in the public interest and (2) That: a. The registration statement as of its effective date or as of […]
§ 78A-30 – Application to exchange securities.
78A-30. Application to exchange securities. (a) When application is made for approval to issue securities or to deliver other consideration (whether or not the security or transaction is exempt from registration or qualification other than by the provisions of G.S. 78A-17(16) or not required to be qualified) in exchange for one or more bona fide […]
§ 78A-31 – Notice filings for securities covered under federal law.
78A-31. Notice filings for securities covered under federal law. (a) The Administrator, by rule or order, may require the filing of any of the following documents with regard to a security (i) issued by an investment company that is registered or has filed a registration statement under the Investment Company Act of 1940 and (ii) […]
§ 78A-36 – Registration requirement.
78A-36. Registration requirement. (a) It is unlawful for any person to transact business in this State as a dealer or salesman unless he is registered under this Chapter. No dealer shall be eligible for registration under this Chapter, or for renewal of registration hereunder, unless such dealer is at the time registered as a dealer […]
§ 78A-36.1 – Limited registration of Canadian dealers and salesmen.
78A-36.1. Limited registration of Canadian dealers and salesmen. (a) A dealer that is a resident of Canada and that has no office or other physical presence in this State may effect transactions in securities with or for, or induce or attempt to induce the purchase or sale of any security by: (1) A person from […]
§ 78A-13 – Disclosures required in offer and sale of viaticals.
78A -13. Disclosures required in offer and sale of viaticals. (a) Disclosures Required Prior to Signing of Purchase Agreement or Transfer of Consideration. – The following disclosures shall be required in the offer and sale of viatical settlement contracts, whether such offer and sale is pursuant to an exemption from registration or pursuant to the […]
§ 78A-14 – Advertising of Viatical Settlement Contracts.
78A-14. Advertising of Viatical Settlement Contracts. (a) The purpose of this section is to provide prospective viatical settlement purchasers with clear and unambiguous statements in the advertisement of viatical settlement contracts and to assure the clear, truthful, and adequate disclosure of the benefits, risks, limitations, and exclusions of any contract or purchase agreement offered or […]
§ 78A-16 – Exempt securities.
78A-16. Exempt securities. The following securities are exempted from G.S. 78A-24 and 78A-49(d): (1) Any security (including a revenue obligation) issued or guaranteed by the United States, any state, any political subdivision of a state, or any agency or corporate or other instrumentality of one or more of the foregoing; or any certificate of deposit […]
§ 78A-17 – Exempt transactions.
78A-17. Exempt transactions. Except as otherwise provided in this Chapter, the following transactions are exempted from G.S. 78A-24 and G.S. 78A-49(d): (1) Any isolated nonissuer transaction, whether effected through a dealer or not. (2) Any nonissuer distribution other than by a controlling person of an outstanding security if a. A recognized securities manual contains the […]
§ 78A-17.1 – Invest NC exemption.
78A-17.1. Invest NC exemption. (a) Exemption. – Except as otherwise provided in this Chapter, an offer or sale of a security by an issuer is exempt from G.S. 78A-24 and G.S. 78A-49(d) if the offer or sale is conducted in accordance with each of the following requirements: (1) The issuer of the security is a […]