SECTION .2100 RULES FOR LOCAL PUBLIC OFFERINGS (LPO)

 

18 NCAC 06A .2101 PURPOSE

The purpose of the rules in this Section is to promote the overall economic health of North Carolina by:

(1) facilitating responsible and competitive intrastate capital formation by North Carolina companies through increased availability of financial resources to businesses that might not otherwise have access to capital;

(2) facilitating opportunities for North Carolinians to invest in local businesses;

(3) facilitating the use of general solicitation and advertising in small local public issuer offerings that are conducted in a controlled and documented manner;

(4) facilitating small intrastate capital securities offerings that may use the Internet; and

(5) protecting the investing public.

 

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 to expire on April 1, 2021.