18 NCAC 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.


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.