18 NCAC 06A .2027          ESCROW AGENT REQUIREMENTS

Pursuant to the escrow agreement consistent with Rules .2017 through .2028 of this Section, an escrow agent for the issuer's securities offering, including a lawyer, shall:

(1)           collect at least the following information from the issuer or investors:

(a)           name of the investors;

(b)           residence of the investors;

(c)           the aggregate amount of securities sold during the offering, expressed as:

(i)            numbers of units of securities sold; and

(ii)           dollars raised by the sale of securities; and

(2)           make such documents available to the Administrator upon request.

 

History Note:        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.