18 N.C. Admin. Code 6A.2119

Current through Register Vol. 39, No. 9, November 1, 2024

Section 06A .2119 - REVIEW OF THE ISSUER BUSINESS STRUCTURE

(a) The Administrator may consider the following to determine whether the LPO's proposed business is suitable for an LPO:

(1) the complexity of the business, the LPO, or the issuer;

(2) whether the simplified disclosures required by G.S. 78A-17.1, Section .2000 of this Subchapter and the rules in this Section can adequately be made in light of the complexity of the business; and

(3) suitability of the investment for investors.

(b) The Administrator shall notify the issuer in writing regarding the decision as to whether an LPO will be allowed.

18 N.C. Admin. Code 06A .2119

Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);
Eff. April 1, 2017 to expire on April 1, 2021.

Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);
Eff. 4/1/2017 to expire on 4/1/2021.