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.